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Describe, as clearly and concisely as you can, the path of "American exceptionalism" from the middle of the 20th century to today.
Next, consider how adopting the assumptions and factual claims associated with "American Exceptionalism" may explain the choices our government makes in the arenas of, say, U.S. immigration policy and foreign policy?
Finally, how might the power of "American exceptionalism" shape societal views about the type of solution(s) appropriate to the problem you are examining in the Signature Assignment?
Illustrate what is OPEC's optimal level of production? Illustrate what is the prevailing price of oil at this level.
The demand for cigarettes is price inelastic, but not perfectly inelastic. The supply of cigarettes is elastic, but not perfectly elastic. If there were no price controls or other complicating regulations, what would a model of supply and demand ther..
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
During the recession of 2007-2009, the U.S. economy was experiencing a decrease in home prices and consumer wealth, a credit crisis in the financial markets, and declining consumer and business confidence. What components of aggregate demand were aff..
We have 3,000 Units of product to sell over a five day period. From historical sales data, we have estimated the following demand curves. The revenue maximizing price for Day 1 is
You own a large collection of fine wines. You are considering liquidating these assets. You predict that the value of your collection will rise in the next few years. If you assume your cost of capital to be 10 percent, when should you sell your coll..
Banks manage their assets in a variety of ways. Explain the importance of “liquidity management”? What is the concern of the bank in regard to the liquidity of its assets? Bank Management is becoming increasingly complicated. What are the Four Major..
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 4%, the growth rate of the velocity of money is 3% and that the real economic growth rate i..
Elucidate effect does the current supply and current demand have on this product.
What is the profit maximizing price, Output? For this monopolistic competitive firm, is the firm earning a profit or loss? Explain. What is the average total cost (ATC)? What is the amount of average revenue (AR)? What is the amount of total revenue,..
Describe the perpetual and the periodic inventory systems. How are they different? Are there circumstances in which one system is better than the other?
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
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