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ESSAY
1. Outline why economic crises are a normal part of modern economies, according to Sweezy's text. What does this signify for the influences between economic and political sphere in such economies?
2. How can you relate Polanyi's ‘fictitious commodities' to the crisis dynamics in capitalist economies?
3. Why might a dynamic such as Polanyi's ‘double movement' become more pronounced in economies without much of a government presence, and why would economic crises get more pronounced under those same circumstances?
What rules should be used for individuals that are blind?
Using this information in the table above, what does GDP equal? Items Billion of dollars Wages 300 Consumption expenditure 350 Interest, rent, and profit 50 Statistical discrepancy 0 Government expenditure 300 Indirect taxes minus subsidies 15 Net ex..
Leaders generally want followers who can bring up issues or concerns in a positive way that leaves room open for change. Can you think of a time you had an opinion that ran contrary to your leader's thoughts? How did you express it? How was it receiv..
Describe the Surplus Product in relation to the Total and Necessary Product. How does the existence of a Surplus Product create conflict?
Draw the decision table faced by the firms and what will be the likely strategy by the firms, if the CEO's of the firms do not trust each other.
Proposals to reduce patent length for drugs are sometimes made, but some critics argue that such a change would result in even higher prices
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
Assume that the state government is interested in subsidizing the local production of steel. The current price of steel is $1600 per ton and the government wants to provide a subsidy of $100 per ton. Use a diagram to indicate the pre-subsidy situatio..
Which of these are assumptions of the Modified Accelerated Cost Recovery System (MACRS)? All assets have zero salvage value. All service dates are assumed to be at the end of the purchase year.
The GDP price index is A. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last ten years.
A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of this income distribution.
What assumptions are made in the Neoclassical model that lead to the conclusion that the economy does contain a self-correcting mechanism.
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