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1) Explain the basic beliefs of Buddhism.
2) Explain the Chinese philosophies of Confucianism, Legalism, and Taoism.
3) Why the Meijji Restoration so important in Japanese history? Be specific.
How did samsung's unveiling of the galaxy S5 affect the demand for the S4? what determinant(s) of demand changed? How did walmart's price cut compensate?
a) What is the opportunity cost of producing a unit of wheat in either country? b) What is the opportunity cost of producing a unit of cloth in either country?
Define "price fixing". Give an example of an antitrust case involving price fixing. When is price fixing not a violation of antitrust law?
Shellys preferences for consumption and leisure can be expressed as U(C, L) = (C − 200)(L − 80) (1) This utility function implies that Shellys marginal utility of leisure is C − 200 and her marginal utility of consumption is L − 80. Find Shellys opti..
What is the probability that a service call takes more than 30 minutes? (Be sure to indicate the relevant Z-score for the problem).
Which of the following will not result in a change in demand? (a) a change in income (b) a change in the good’s own price (c) a change in the price of a substitute (d) a change in preferences
For each of the following goods, give your best estimate of its most likely degree of rivalness and (relative) exclusion cost, using the definitions of these variables and the information in the course notes on externalities and public goods. Explain..
In California, a welfare recipient can earn $225 without having benefits reduced. Beyond $225, benefits are reduced $.50 for every dollar of earnings. Consider Elizabeth, a resident of California, who can earn $10 per hour. If she does not work at al..
One Macro-prudential policy that can counter the systemic risks from the boom/bust finance over the business cycles is?
Horizontal equity can be determined by comparing the
If the price changes from $2.00 to $2.50, and in response the quantity demanded falls from 25 to 5, what is the price elasticity of demand equal to?
What price does it charge. What is Lite and Kool's markup. How much profit does Lite and Kool make. Do firms in monopolistic.
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