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Cultural change tends to occur when there is either a dramatic crisis, a turnover in leadership, a young and small organization or when the culture is weak.
Is this statement true or false? Why? Explain, example
Every month, each of us usually receives a power bill. More often than not, there is usually a piece of paper in it asking if you would like to contribute extra money to your power bill to help those less fortunate. Explain LIHEAP from your computer/..
According to purchasing-power parity, if it took 58 Indian rupees to buy a dollar today, but it took 55 to buy it a year ago, then the dollar has
Suppose that your employer offered you $4,000 in cash instead of health insurance coverage. Health insurance is excluded from state income taxes and federal income taxes. (To keep the problem simple, we will ignore Social Security and Medicare taxes...
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed cost. It faces an inverse demand function given by P = 38 – Q and MR = 38 – 2Q. What are the profits of the monopoly in equilibrium? What are the consumer surpluses in equil..
Explain the four phases of the business cycle. What is the difference between recession and depression? How or what are the causes?
1. Critique Keynes using Public Choice theory 2. Critique Keynes using Austrian knowledge theory 3. Critique monetary policy using Public Choice theory 4. Critique monetary policy using Austrian knowledge theory
Why does inflation affect increase in Social Security and or profits. Is this effect a cost of inflation, as article suggests. Why or why not.
Robert’s New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. What are the profit-maximizing price and output levels? Explain them and calculate algebraic..
How might the government protect a domestic industry from foreign competition, and why would that be a good or not-so-good idea?
The Kuznets ratios satisfy the Dalton transfer principle. If the Lorenz curves of two situations do not cross, the Gini coefficient and the coefficient of variation cannot disagree. If a relatively poor person loses income to a relatively rich person..
What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.
Assume a two-country world with two factors of production (capital and labor) and two goods. In this context, state the Heckscher-Ohlin theorem. Then indicate the two definitions of relative factor abundance. In addition, spell out what is meant by t..
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