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Capitalism
a. Independent British farmers would raise sheep, shorn them, and spin and weave their wool to make their own cloth which they then cut and sew for garments. Show the circuit of production for this way of getting clothes. How is this circuit changed if the farmers exchange some of the wool for money that they use to buy finished apparel?
b. Is there any tendency for farmers like this to increase their production?
c. Merchant capitalists start buying wool from the farmers and hiring some to work spinning and weaving it into cloth that they then sew into clothes to sell for the money to pay the farmers and workers. Show the circuits of production involved in making clothes this way. Is there any tendency for these merchants to increase their production?
d. How can the merchant capitalist make profit from wage labor? What will the merchant capitalist do with her profits? How does this make capitalism an expansive system? How will she sell her increased production? How will she find additional workers? What happens to other forms of production with the expansion of capitalist production.
Elucidate the difference between the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier.
Explain why there is unemployment in your country of birth and How is unemployment measured - Classify underemployment accompanied by practical examples reflecting on the Australian labour market.
In many industries, such as supermarkets, banks, cell phonecompanies, etc., because of mergers our choices as consumers arereduced to two or three competitors. Do you think thisis good for the economy
Develop a compensation package for both managers and sales people. Explain the differences as well as the rationale for the design. After developing a compensation package, you are now looking to hire. You have hundreds of applicants. Please dis..
Two identical firms face linear demand. Market demand is given by P=30-Q. Compare graphically consumer and producer surplus in Cournot and Stakelberg equilibria to perfect competition.
Calculate the yearly approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?
An insurance company is considering issuing three types of fire insurance policies: (i) complete insurance coverage, (ii) complete coverage above and beyond a $10,000 deductible, and (iii) 90 percent coverage of all losses.
Do you think anyone would have used original (undebased) privately minted stags to make legal tender payments? Why, or why not?
nbspa decrease in government spending will cause anincrease in the quantity of real domestic output demanded.decrease
Answer all the following questions. Provide specific examples to support your answers. What was the basic charge against Microsoft by the government?
What do we call goods that are replacements of one another especially when a price of one increases and the demand for the other goes up?
If you need a rate of return. Illustrate what is the highest price I should be willing to pay for this stock.
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