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In the founding documents of the United States of America - in this case the Articles of Confederation and the Constitution - does the use of checks and balances seem to provide for the protection of a pluralistic system of government with multiple avenues for participation? Or does it seem to ensconce the role of governmental and societal elites in decision-making.
Pick one side of the debate, and select three examples from the founding documents (meaning their structure as discussed in the text, not from their literal wording, unless helpful) to assist you in making your case.
Truckco manufactures two types of trucks; the T1 and the T2. Each truck must go through the painting shop and the assembly shop. If the painting shop were completely devoted to the T1, 800 trucks could be painted in a day. Use solver table or paramet..
Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables.
Do developing countries have other alternatives to the sources of technological progress you mentioned in the question above? Explain your answer. Do you see any reasons developing countries may choose to have poor patent protection? Are there any da..
Consider both sides of the argument and come to a decision of whether to close the plant or continue to operate it. How would you explain to either the president or the CEO that he or she is wrong?
Illustrate what entity establishes a cost ceiling and does it require government sanction for violators. Will it result in a surplus or a shortage.
A firm has the production function Q=L times K. For this production function, MPL=K and MPK=L. The firm initially faces input prices w= $1 and r= $1 and is required to produce Q bar= 100 units. Later the price of labor, w, goes up to $4. Find the opt..
If the cost of rare earth (a resource for producing smartphones) increases, then supply for Samsung smartphones will _____, and quantity will _____.
Quickcare is a health care franchise. It charges $150 per physical exam. Fixed cost is $50,000 and variable cost is $55 per exam. To improve margin, clinic will increase price to $175. What should Quickcare's decision be, assuming that this price inc..
Do unexpected monopolistic profits serve any useful function in a market economy? Could additional oil revenue be used to explore and develop new fields?
Give an example of consistent Fiscal Policy and Monetary Policy that you would choose to correct unemployment gap (Recession) that you suspect in the economy?
A nation's capital goods wear out over time, so a portion of its capital goods become unusable every year. Last year, its residents decided to produce no capital goods. Will the nation's economic growth rate for the current year be negative, zero, or..
Why short run aggregate supply curve is positively sloped? Why long run aggregate supply curve is vertical? Depict graphically the equilibrium in the aggregate demand and aggregate supply model? Explain how short run aggregate supply shifts affect th..
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