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Answer this 2 questions
1. Explain Domar's theory of slavery and serfdom as it relates to population and land endowments.
2. Compare and contrast the manorial system in Western Europe with Russian Serfdom.
Thr each question needs 100-150 words.
Compute the following limit: x √3tan-x1(-x)√-3∏/3 lim→where as usual tan-1(x) denotes the inverse tangent function.
Keynesian Economics: Suppose the following about the economy of the United States: Government spending = 660, planned investment (Ip) = 215, autonomous consumption is 200, net exports is 100 and taxes are 100. In addition, for each additional $1 o..
"Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline.
a. How will a successful campaign that decreases the supply of drugs influence the price of drugs and the amount spent on them. What is the most effective way of decreasing the quantity of drugs consumed and decreasing the amount of drug-related cri..
Identify and briefly describe the organization, D.R. Horton. Explain why this will be an interesting focus for the application of macroeconomic ideas.
Define what is anything that is used to determine value during the exchange of goods and services?
Explain how the economy adjusts back to long-run equilibrium. When the economy has adjusted back to long-run equilibrium, how have the values of each on the following changed relative to what they were before the increase in exports:
skills are required for current also future employees to possess for the organization to be successful
i) Calculate the Gross National Product of this economy using the value added approach. ii) If depreciation and indirect taxes equal 8 billion and 7 billion shillings respectively, find the Net Domestic Product both at Market prices and at factor c..
Explain why do you think that whenever the government needs to raise their revenue they usually decide to increase the tax on items such as gas
Elucidate the trend over the past few years. What stage of the Business Cycle would the U.S. economy be in currently given the trends
A consumer's preference ordering over baskets of goods (x1, x2) includes the following: i) she is indifferent between (5, 90) and (35, 10); ii) she strictly prefers (20, 50) to (5, 90). Check whether convexity of preferences is satisfied over thes..
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