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Kyle, Brian and Pam are all partners in a general partnership that is engaged in the business of event planning. Kyle contributed 45% of the capital, Brian contributed 40% of the capital, and Pam contributed 15% of the capital of the partnership. Without the other partners' knowledge, Pam purchased new marketing materials. The bill has arrived for the marketing materials. Who is liable to pay for the materials? Why? Discuss fully and identify the name of any legal principle that governs your answer.
Keynes said it was the stock market crash of October, 1929 that was the trigger mechanism for the Great Contraction from 1929 to 1933. He believed that the crash caused expectations to become catastrophically pessimistic. Use the Keynesian Cross Mode..
Why do restaurants shut down at a certain hour of the day, say 10:00 p.m? Why do movie theatres still show movies that have just a handful of movie watchers? What is the difference between accounting profit, economic profit, and normal profit?
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
A regulator plans to impose a specific tax on a previously unregulated monopolist. Before imposing the tax, they want to know what the change in quantity produced will be from such a tax. The proposed specific tax is τ = 10 and the following are the ..
What are Donaldson's five guidelines to ethical leadership. Also discuss the challenges of facing some questionable practices and different ethical principles in doing international business. Please give examples
If nothing is done to bend the cost curve what is the percentage of GDP estimated to be in 2030 and how will that impact us as a society? Additional comments: how would you generate the estimated increase? How would you figure out how this would impa..
Utilize this expression to derive the potential bounds for the income elasticity of other goods.
Assuming the policymakers do nothing, use the diagram below to show the effects of the consumer pessimism on aggregate demand.
As the U.S. price level decreases, other things equal, U.S. products become
Rather than the short run effects of decreasing government spending, allow a self correcting economy to bring the model back to equilibrium, the government decides to act to eliminate the output gap through monetary policy. Explain how the government..
Utilizing the standard IS/LM model, elucidate how the scope of monetary policy to change real economic activity in the short run depends on the private sector reaction to interest rate changes.
Elucidate the effects of an increase in business investment on the short-run macroeconomic equilibrium.
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