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1. State the economic ideas of Smith. Do you agree with him? Why? Explain the Malthusian theory.
2. Define the law of comparative advantage. Is this feasible in the real international trade? Why?
3. State the ideas of Marx. Do you agree with him? Why?
4. Explain the ideas of Sismondi and List. Are these good for our own economic development? Why?
5. Explain the ideas of George on rent. Give specific examples of problems on rent in the Philippines.
6. How do you create employment? Discuss one growth model.
Given a computer system, describe each element of its hardware architecture in terms of its various sub-systems
A) What is the level of output that maximizes profits, if any? Compute profit, if any? B) Should this firm continue producing if MR falls to $10? Explain.
Use the sample data to construct a 95% confidence interval estimate of the percentage of cell phone users who developed cancer of the brain or nervous system
iv. Find the utility maximizing combination of income and leisure. How many hours will this person work? Imagine the wage rate increases to $8 per hour. Will this person work more hours?
It costs $30,000 to retrofit gasoline pumps at your filling station so the pumps can dispense E85 (85% ethanol and 15% gasoline). If your station makes a profit of S0.08 per gallon from selling E85 and sells an average of 20,000 gallons of E85 per mo..
Consider an economy producing the following products: bread and cars. Use the information provided in the following table to answer the question below:
How can an event such as the terrorist attacks of September 2001 affect consumer and business confidence and the economy?
Electric cars: Now consider the invention of cheap electric vehicles. Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected?
Describe when you have experienced diminishing marginal utility. Also discuss opportunity costs you have had to pay in order to attend school
Would there anything that government can do through regulations that might reduce competition and enhance your profit?
Heights of NBA players are normally distributed with a mean of 81 inches and a standard deviation of 3 inches.
What sort of characteristics might a company emphasize in an attempt to differentiate its branded products
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