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Throughout most of human history, people lived in relatively small, egalitarian bands. With the advent of farming, stratified societies began to emerge and today dominate the human landscape. For this question, explain Diamond’s thesis as to A. Why these stratified farming societies conquered the world; b. whether or not stratified societies are necessary today and c. how our current strata is maintained.
Explain why purchasing power parity measures of income levels tend to show smaller differences between poor and rich country
Rising oil prices cause airlines to adjust flight schedules. Show the effect on airline prices and quantity demanded. Show the shift of supply and/or demand curves and explain why the curve(s) shifted.
compute the shares of lemon grass also troll labor in Hogwarts' income.
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
Analyse and evaluate the role of different entry strategies when operating in culturally distant markets. Make reference to factors external and internal affecting the choice of foreign market entry modes.
Suppose there is a new tax on data usage. The cum-tax monthly bill increases by 15%. If the price elasticity of demand is -0.45, how much does the quantity demanded change?
Derive the aggregate demand curve and plot it to scale. Show all of your work. Calculate the effect of an increase in government spending on GDP. Is the effect larger or smaller than in the case where consumption does not depend on the interest rate?..
You live in a world with two time periods. Your income is $100 in time period 1 and $150 in period 2. If the interest rate is 0.03 (3%), draw your inter temporal budget constraint. If you value current consumption 1.5 as much as future consumption at..
Suppose that country A pegs its currency to the currency of country B. Which of the following will NOT be a benefit of this arrangement to country A?
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
Expenditures that do not vary with the level of real GDP are called:
Explain in detail why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?
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