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1. (The Evolution of the Firm) Get a library copy of The Wealth and Poverty of Nations, by David Landes, and read pages 207-210. How would you interpret Landes's story about mechanization using the ideas developed in this chapter? 2. (Wall Street Journal) The household is the most important decision-making unit in our economy. Look through the rotating columns (e.g.,"Work and Family" and "Personal Technology") in the Wall Street Journal this week. Find a description of some technological change that might affect household production. Explain how production would be affected.
You know that the income elasticity of demand for doughnuts is equal to 1.2 You read in the newspaper that the economy has entered a recession
Explain the meaning and importance of high frequency trading with a literature search and examples in 10 double -spaced pages in a Word document. APA style.
because of americas large budget deficits the government is borrowing much from foreign countries. there are experts
What is meant by nondiscrimination in international trade agreements? Be as specific as you can. One criticism of the Agreement on Agriculture is that it involves something known as dirty tariffication.
A risk adverse individual has to choose among $100 with certainty and a risky option with two equally likely outcomes, $100-x and $100+x. Use graph or math to show that this person's risk smaller, the smaller x is (the less variable the gamble is
Suppose you are the manager of College computers, a producer of customized computers that meet specifications needed through the local university.
Within your supplemental readings for this semester, there are several discussions of the Keynesian multiplier. In the minds of the critics that you read, which is not a deficiency of the multiplier concept
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the ec..
If the Central Bank revises its velocity forecast to 3% growth, what does this do to its money supply target?
assume that the current level of income in the economy is 700 billion. it is determined that in order to reduce the
The profit maximization rule for a perfectly competitive firm states that the perfectly competitive firm will maximize its profits when it produces that quantity where marginal revenue
Plot these curves on graphs. Compare the cost curves and discuss their characteristics.
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