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Karl Marx believed that the structure of capitalism at his time was doomed to fail. In last century, during the Great Depression, combining with Keynes's theories, it could be concluded that in an economy, if Aggregate Demand is less than Aggregate Supply, it is a more serious and common problem. After nearly 200 years, although capitalism has changed significantly, including innovation, changing of workers' welfare, rapid development of technology and globalisation. Can we still say, the core problem of capitalism: AD is not sufficiently enough, is still a problem? Does this mean that Hayek, on his ideas of 'no government intervention', is wrong?
Explain the main difference between the function of foreign exchange market and the function of other financial market ? How can foreign exchange market improve total welfare of a country ?
We can read about productivity and study the graphic figures that are in textbook and be able to understand the relationships of variable cost, fixed costs and average total cost and find the most optimal quantity of production. If a firm buys roboti..
Is the perfectly competitive model a good benchmark for an ecnonmic system which uses Biblical worldview? Use Scriptural support where appropriate and also comment on the perfectly competitive model as a guide for public policy. What should be the ro..
Using the Federal Reserve's open market operations tool, show the effect of expansionary monetary policy on GDP
The decline in the value of the dollar from 1985 to 1988 was beneficial to. Which of the following will increase interest rates in the short run? The concept of "lender of last resort" is that when. The Federal Reserve System was established.
Use the circular flow model to provide a picture of how households, firms, and governments interact in the US economy and how the US and other economies interact in the global economy
Homework involves working with html, php, and oracle to create form which submits data to database, and returns a fixed report.
Assume you ordered two Bose speakers for your home theater system from Sound Technologies, Inc. in New York. Sound Technologies shipped the speakers to you via UPS, C.O.D. (collect on delivery). You did not agree to a C.O.D. shipment of the speakers...
Federal vs State Government. Choose a side to argue from. What makes the other form of government weaker in solving problems and deliver services to citizens?
The Faculty of Economics and Administrative Sciences is considering to throw a party to its students. The marginal benefits to the students are given by MB=1200-Q2.
Critically compare and contrast the policy approaches of TSCA and FIFRA. In your view, which of these is more effective in preventing pollution? Explain.
Fred Smith, the inventor of FedEx, came up with a new product called Zap Mail in the mid 1980's. Zap mail, although a monopoly, was not successful. The company lost about $390 million on Zap Mail before the product was eventually discontinued. -- How..
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