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According to the Stagnation school of Marxist economics the slow economic growth and high unemployment we see today is typical of modern corporate capitalism where: (a) workers cannot afford to buy all that they make because of exploitation. (b) there is a shortage of profitable investments as compared to the large profits generated by giant corporations, leading to less investment spending. (c) there is not enough money to finance investment because the Federal Reserve is following a monetarist policy and is too afraid of inflation. (d) conservative economic policies based on Say's Law have restricted the use of fiscal policies that could stimulate the economy.
Over the last 25 years, FICA payroll taxes have been going to: (a) current social security benefits. (b) a trust fund to help pay for future benefits (c) both current benefits and a trust fund (d) Medicare only, social security benefits are paid for by income taxes.
According to Marx, businesses pay their workers less than the value of the product of their labor in order to make a profit. The businesses then reinvest these profits to be able to expand production. At the same time the workers cannot afford to buy what they have produced. This leads to: (a) the growth of the financial sector as workers borrow more and more. (b) more inflation as the central bank prints money so workers have more money. (c) a process of "creative destruction" where obsolete companies, products, and technology go bust, clearing the ground for innovation and economic growth. (d) crisis of overproduction, or what is known as recessions.
The following graph shows the labor market in the fast-food industry in the fictional town of Supersize City. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Onc..
A permanent increase in government purchases has a larger effect on national savings than a temporary increase of the same amount
How much money can be withdrawn at the end of 21 years if $3,000 is deposited at the end of each year for 13 years, and no deposits are made after, where the fund earns 6.4 percent?
Use demand and supply diagrams to elucidate what happened in anchovy,soybean, and cattle markets. Indicate which curves shifted in each instance and show the effects on the equilibrium price and quantity in each market.
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm’s equilibrium quantity is 50. EXPLAIN what happens in the short-run if custo..
Suppose there is a flood in St. Louis, Missouri, that destroys several beer bottling facilities. Which of the following would not be a direct result of this event?
How do developing and industrial countries differ in their use of technological change, labor, capital, and natural resources to produce economic growth? Why do these differences exist?
Classical Economics or Keynesian Economics or both--What do you think the role of governments should be in the present economy--150-- words
get an answer from tutors to this homework question nowassume which the gross national debt initially is equal to 3
Why are some teachers apprehensive about using technology in the classroom? What are some ways to get teachers to integrate more technology in lessons?
Your task is to identify what the bases for segmentation is in each example. Is the segmentation effort Geographic, Behavioral, Demographic, or Psychographic?
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..
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