Sufficient conidtion for political freedom-hypothesis

Assignment Help Business Economics
Reference no: EM13983927

Milton Friedman said the free markets are a necessary but not sufficient conidtion for political freedom. Which of the following events would support Milton's hypothesis?

a. Chile after the overthrow of Allende adopted free market reforms. They were initially carried out by the dictator General Pinochet, but eventually a democratic government was elected.

b. Sweden's democratic socialism is very effective.

c. China has adopted market reforms but at the same time the government is still authoritarian.

d. both a and c are correct.

Reference no: EM13983927

Questions Cloud

Firms produce a homogeneous product : Consider an industry in which n firms produce a homogeneous product. Demand for the product is given by p = a − Q, where a is a positive constant and Q is the industry output. Each producer is identical, having a constant marginal cost c. Find the eq..
Performance-based payment : Performance-based payment, as incorporated in the Affordable Care Act, may encourage hospitals to increase staffing of which of the following professions
What quantity is average variable cost a minimum : A firm in a perfectly competitive industry has the following cost function: C¡= $50+ $1.80 * Q¡ - $0.048*Q¡²+ $0.004* Q¡³ A. At what quantity is average variable cost a minimum? B. How many units would the firm produce if price = $1.80
What the maximum possible consumption in period one : Consider Irving Fisher’s two-period model. If y1 = 20, 000, y2 = 15, 000, the interest rate r equals 0.50 (50 percent), What the maximum possible consumption in period one? What the maximum possible consumption in period two? if there is a binding co..
Sufficient conidtion for political freedom-hypothesis : Milton Friedman said the free markets are a necessary but not sufficient conidtion for political freedom. Which of the following events would support Milton's hypothesis?
Calculate the desired excess reserves ratio : Consider an economy that has two banks with the following information: East Bank: $1600 cash $15,000 DD $2200 Deposit in the Fed $1300 US government bonds West Bank:  Calculate: The desired excess reserves ratio (for the whole economy), Cash held by ..
What is the implication for the money supply : During the financial crisis of 2007-2008, the governor of the Bank of Canada expressed concern that the commercial banks were "hoarding" cash rather than extending a more appropriate volume of loans. Why might the banks do this, and what is the impli..
What would be the effect on canadian aggregate demand : Explain the likely effects of a U.S. recession on the demand for Canadian exports. What would be the effect on Canadian aggregate demand? Suppose the Bank of Canada viewed its monetary policy as being appropriate (for keeping output close to potentia..
Calculate the expected market price : You are the manager of a firm that sells a “commodity” in a market that resembles perfect competition, and your cost function is C(Q) = 2Q + 3Q2. Unfortunately, due to production lags, you must make your output decision prior to knowing for certain t..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the change in gdp holding everything else constant

If the tax multiplier is -1.5 and a $200 billion tax increase is implemented, what is the change in GDP, holding everything else constant?

  Illustrate what are implications for american public health

If agricultural price subsidies have the effect of lowering resource costs for farmers, use a supply and demand graph to show the effects on the market for food. Illustrate what are the implications for American public health.

  Graph the supply and demand curves

The equation for the demand curve for hotel rooms in Boston is given by P = 5000-0.48Qd. The supply curve is given by P = 0.02Qs. Prices are nightly rates in dollars.

  Q1 qd680-9p0006m-4pr where m is income and pr is the cost

q1. qd680-9p0.006m-4pr where m is income and pr is the cost of a related good. from this relationship it is apparent

  Calculate the price elasticity of demand

The Acmeville Metropolitan Bus Service currently charges $0.67 for an all-day ticket, and is used by an average of 513 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of..

  The annual income from a rented home

The annual income from a rented home is $24,000. The annual expenses are $6000. If the house can be sold for $245,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 9% to be a suitable rate?

  Why is consumer surplus never negative

Why is consumer surplus never negative? What is consumer surplus? Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate equilibrium quantity. Consider a market with a demand curve of P=24-2Q and a supply curve of P=3..

  Toby is indifferent between the bundles

Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to r..

  Prediction of the monetary model of exchange rates

If US real income increases, then the prediction of the monetary model of exchange rates would be that the US dollar would:

  Established the office of window safety

Tammy Hall is the mayor of a large U.S. city. She has just established the Office of Window Safety. Because windows sometimes break and spray glass shards, every window in the city will now have to pass an annual safety inspection.

  Most closely represent a monopolist

Which of the following might most closely represent a monopolist? In a monopolistic labor market, the marginal-factor-cost curve is

  Several units of homogeneous product as single package

A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.25P, and the marginal cost of production is $120. Determine the optimal number of units to put in..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd