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What is the major characteristic of the class system of stratification
A) In a class system categories of people are equally distributed in the class structure
B) A class system has fluid boundaries that permit movement up and down the class ladder
C) A class system ensures that no one is locked in poverty
D) Once a person is porn into a social class he or she is blessed or cursed for life
Determine whether each of the following increases, decreases, or remains unchanged in the short run: the market interest rate, the quantity of money demanded, investment spending, aggregate demand, potential output, the price level, and equilibrium r..
Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary in some other sports. Elucidate how does this make sense using supply and demand in a market in equilibrium.
Use the dynamics of Aggregate Demand and Aggregate Supply Model: What was the role of the Fed before and after the crisis? should they have done it differently to prevent the crisis? Should commercial banks been allowed to enter in investment banking..
Briefly describe the national security implications of the dependence on imported oil. Politicians of both political Parties routinely discuss the concept of achieving energy independence. Describe the reasons why this is or is not a realistic goal.
A cost-effective policy is always socially efficient. Enforcement costs are critical to the success of environmental program and should be included in the overall social costs of the program when evaluating different policy options
Suppose that an unpopular president was leaving office, and a very popular candidate was elected, and this significantly increased the public's confidence in the future of the economy. Using the aggregate demand/aggregate supply model, elucidate t..
Consider the following HYPOTHETICAL scenario: Imagine an island economy that is periodically struck by an epidemic disease that affects only children. What would be the market solution to this problem if the island economy operated as a pure market e..
How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?
It has been suggested that large, tall hierarchies will predominate in physical capital intensive industries, and these will typically have seniority-based promotion policies. By contrast, flat hierarchies will be seen in human capital intensive indu..
Jennifer has $10 to spend on tomatoes and cheese. The price of a pound of tomatoes is S2 and the price of a pound of cheese is $4. She has found her utility-maximizing bundle at 2 pounds of tomatoes and 1.5 pounds of cheese. Jennifer is considering a..
Suppose an earthquake destroys part of a nation’s capital stock, but does not kill off any people. Use the Solow model without technological change to describe the effect of this event on the country’s total output and its per capita output over time..
Business employs resources to use in the production and sale of a good or service. Accounting profit is typically used as a way of evaluating the success of a business, but economists argue that economic profit is more relevant to determining whether..
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