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How did slavery impact the economy in the South and the North differently?
Provide a specific example from the lectures or textbook and explore how the sudden end of slavery would affect these different economies.
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
Explain what it would mean for you to move upward and to the left along your personal PPF. What kinds of adjustments would you have to make in your life to make such a movement along the frontier?
Why may the effective patent life of a drug be shorter than the legal life. Explain why may the effective patent life of a drug be longer than the legal life.
explain why the tax would be placed on gasoline rather than, say yachts. Illustrate what might be the long run effect of raising the price of gas.
sometimes a bidder on a work contract may bid lower than what would maximize hisher profit from the contract and the
Explain four macroeconomics objective from conventional perspective
If in some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds are $30 billion, net exports - what is the country's GDP for the year?
Are monopolies and oligopolies (firms demonstrating power) always bad for society?
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
Presently, boats rent for $500 per day also workers cost $100 per day. How many workers do you need to produce 200 tons of shrimp?
In competitive equilibrium, what is the ratio of the price of bananas to the price of tomatoes. Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
Assume stock returns can be explained through the following three factor model:
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