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1. Samuel Huntington observes that democracy:
Has come in waves throughout history
Is impossible to establish is certain regions
Can only develop effectively when developed gradually
Is the only viable option for economic growth
2. Traditional oligarchies, empires, monarchies and sultanates are all examples of:
Democratic regimes
Authoritarian regimes
Populist regimes
Socialist regimes
3. Which of the following is a type of authoritarian regime?
Totalitarian regimes
Theocracies
Personalistic dictatorships
All of the above
Elucidate how much should Joseph's income increase to compensate for the rise in the prices of roses.
Describe the profit-maximizing amounts of electricity to produce at the two facilities, the optimal price, and the utility company's profits.
Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $120 million to $240 million between one year and the next. Assuming that the price of gold increased by 100 percent over the same period, by what n..
Prove the following claim: The more elastic the demand and supply curves are, the higher the deadweight loss associated with the introduction of a per unit tax will be. Hint: consider two general linear demand and supply functions, calculate the dead..
Why did rising house prices make US retail banks more willing to provide mortgages for low-income earners with poor credit histories?
The gains from specialization and trade are based on comparative advantage, which reflects the relative opportunity cost. When countries specialize in producing goods and services for which they have comparative advantages, total production in the gl..
List one way that a market-based health insurance system fails to limit costs. Then, discuss how either the Affordable Care Act or a single-payer system would correct that failure.
Under what circumstances is it appropriate to trade off human lives against dollars when making decisions about safety?
Bivens(2005)’s paper argues that studies that highlight the positive impacts of offshoring on the U.S economy mostly ignore the costs associated with the following: Explain each of these losses and how offshoring creates/generates these costs.
If both the real and nominal exchange rates between the US and Japan remain unchanged while Japan experiences 0.5% deflation, what, if anything, can we say about inflation in the US?
What are the pros and cons of trade restrictions? What are the pros and cons of free trade? Which is better in your opinion?
Elucidate how might firms "avoid" experiencing diseconomies of scale also illustrate what does the long-run average cost curve look like when diseconomies of scale exist?
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