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Read "The Path to Liberation" (24-2). Why did Ho Chi Minh embrace International Communism? What were the essential elements of Lenin's strategy for bringing about International Communism? To what extent is International Communism compatible with nationalism?
What is a monopolist? Is the product unique or there are no close substitutes. Discuss What type(s) of decision does the monopolist make about pricing and the quantity of output to offer in the market? Can the monopolist determine the level of output..
Think about an advertisement (in any medium) that had either a strongly positive or strongly negative effect on your attitude toward the product being advertised or the advertiser itself. Why did the ad have this effect? If you responded positively t..
assume yn 11600 t0.2 as well as g 2610.a compute the amount of taxes at natural real gdp.b clarify why there is a
The North Arctic Rangers Federation (NARF) bought a $32,500 car.The loan has monthly payments of $610.34 for 5 years. What is the interest rate (APR) on the loan? What is the effective rate?
Show why this equilibrium point is unique, i.e. if we are not at point E, illustrate what would happen in this economy.
Illustrate what mix of central bank bond purchases also higher government spending is required to rise income by $6,000 without changing the interest rate
Suppose that the oil refining industry releases one unit of waste into the atmosphere for each unit of refined product. Find the equilibrium price and quantity. Suppose the government imposes a corrective tax of T per unit of unit of emission. How la..
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
Consider a homogeneous good market with the following market demand curve: Q = 8 − p, 0 ≤ p ≤ 8 = 0, p > 8. Two firms produce output at constant marginal cost which may be different. Derive the Nash equilibrium outcome and the profits of the two firm..
Productivity declines may worsen recessions by causing unit labor costs to:
For a business that sells a product for which there are many close substitutes,
Decide whether each scenario would lead to upward or downward pressure on the equilibrium price for each good in bold font.
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