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1. Explain the beliefs of Hinduism and how it affects the lives of Indians.
2. Explain the pros and cons of British imperialism in India.
3. Explain the basic beliefs of Buddhism.
4. Explain the Chinese philosophies of Confucianism, Legalism and Taoism.
5. Why was the Meijji Restoration so important in Japanese history? Be specific. Explain the pros and cons of British imperialism in India.
State the rule for optimum input allocation to produce a given level of output at the lowest possible cost -when two inputs are variable and the prices of the inputs are given- and explain why it makes sense.
q1. why cant money have the same value and look in every country?create a flow chart or table that describes the
Illustrate what is the average inflation rate. Elucidate how would that affect the inflation rate.
Imagine an economy with only four markets: a market for Commodities (ie goods and services), a market for Labour, a market for Money and a market for Bonds. Show (prove) that if the markets for Commodities, Money and Labour are in equilibrium then th..
Can you give an example? Can the new technology also lead to greater variety and complexity?
Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.
Your state has a retail sales tax of 10% but it exempts food, prescription drugs, and all services including housing services, repair services, and use of electricity and other public utility services.
You have a part time job that pays $8 per hour. Your manager has asked you to work 4 extra hours on Friday night, but you already have plans for dinner and a movie with a friend on Friday night. You value the Friday night activities more than the ext..
A military conflict forces the shut-down of major crude oil pipeline. World oil prices soared to an 18 month high. Show the effects in the crude oil market.
How should the economy reallocate the inputs (labor and/or capital) in order to achieve economic efficiency and have SMRP=SMRP?
what value would you predict for S? b. What happens if P is reduced to $17,1500? c. How would you go about developing a value for k? d. What are the potential weaknesses of this model?
a) Compare the real worth, rather than the market values, of various goods and services. b) Compare the relative desirability of alternative distributions.
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