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Regarding the common law and civil law system:
1. According to the empirical evidence of La Porta and colleagues, which system appears to be more efficient? list one weakness with this evidence.
2. Assuming that one system is more efficient than the other, why might a country that uses the less efficient system fail to switch to the more efficient system, as the Evolution to efficient laws Hypothesis suggests? Explain.
As price elasticity of supply increases, the supply curve 1) becomes flatter, 2) becomes steeper 3) becomes downward sloping, or 4) shifts to the right?
If there is a decrease in demand for a product in a purely competitive industry, it results in an industry contraction that will end when the product price is:
He starts this year with nothing in the bank and ends next year with nothing in the bank. Draw his budget constraint in E1 - E2 space.
q.jennas boss has decided to pay her a one-time bonus of 5000. she decides to save the money until she retires 4 years
When an individual or firm in the United States requests that a bank sell foreign exchange, the bank will probably call a foreign bank and arrange a purchase. call the central bank and arrange a purchase. call another bank customer with foreign excha..
Elucidate how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product.
Suppose that production for good x is characterized by the following production function, q=k0.5Lo.5, where k is the fixed input in the short run. if the per init rental rate of capital, r, is $15 and the per unit wage, w, is $125, then the average f..
Minimum-wage legislation is less likely to have adverse effects on employment when the:
Suppose that you deposit $2,000 in a savings account and a year later you have $2,300. Meanwhile the CPI rose from 110 to 121. The real interest rate is ____%. Enter your answer in the box below
The Wall Street Journal's experience after it increased its cost to 75 cents. Illustrate what implicit assumptions are the publishers also the analysis making about cost elasticity.
Find out the curve for MR and use it to find the monopoly output and price. Calculate the output of a perfectly competitive market if the MC is the same as the market supply.
Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 yuan. If Starbucks is maximising its profit, what is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbu..
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