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According to Milton Friedman, "Business has only one social responsibility-to make profits (as long as it stays within the legal and moral rules of the game establised by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible."
Explain how the Fed's use of its three tools of monetary policy affect supply and demand in the market for reserves and the equilibrium federal funds interest rate.
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument.
Why does the assumption of independence of risks matter in the examples of insurance.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
Describe whether Indian Consumer goods industry is growing at the cost of future profitability.
Explain what happens to observed prices in posted offer and double auction markets when there at least two sellers.
what happened to real output? by how much would the price index have had to rise for real income to remain constant?
Converse Elucidate how a society's social values influence the provision of also payment for health services.
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
Trace the evolution of work on the laissez-faire doctrine through two arcs. First those theorists who are trying to prove that the system is stable.
Using the Fisher equation Illustrate what can you infer about expected inflation in Canada also in the United State.
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