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1. Discuss the changing economic role of African Americans in the United States from 1865 to the present. What were the major factors and processes that kept African Americans, on average, relatively poor after the Civil War? To what extent are these processes still operating today?
2. Using the labor demand and supply framework, explain why the gender wage gap was relatively constant between 1885 and 1980, and why the ratio of female-male earnings has increased from 0.628 in 1980 to 0.805 in 2010.
3. What are linear and nonlinear occupations?
Which of the following describes the difference between the demand faced by a firm and the demand faced by an industry? the demand facing individual firms tend to be more price-elastic than those for the entire industry.
Please explain your answer in the language of economics by stating the possible shift(s) of demand and/or supply curves in the gas market.
Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists’ definition of the relevant market, the two firms proposing to merge enjoyed a combined market..
After a few years of monopoly, the family that owns the coca-cola monopoly gets in a flight, and they split the company in two. Now there are two large coca-cola retailers in your area, and each retailer must decide whether to charge a high or low pr..
You note that over the last five years, the Swiss franc has appreciated from Sfr 1.60/$1 to Sfr 1.45/$1.During that same period, the U.S. consumer price index rose from 100 to 120 and the Swiss consumer price index rose from 100 to 105.On the basis o..
Competitors are firms competing in the same market, offering products that are similar, while targeting specific customers in order to gain a competitive advantage. What is market commonality? What is resource similarity? What does it mean to say tha..
Risk and Return, Coefficient of Variation Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.
Suppose a consumer uses his income to buy food (F) and clothing (C) (note, his preferences are to not go without either). The current composite market price of food is $2.00 per unit and the current composite market price of clothing is $5.00. Draw t..
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
Are the salaries received by professional sports athletes outrageously high? Should the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What ar..
Who or what group is responsible for monetary policy in the US? Just how independent are they of political pressure
Economics history question- Answer and explain the following about Karl Marx and Capitalism. What 2 things does Marx identify as the requirements for Capitalism? Explain the origins of each, in turn. Describe the Theory of Surplus Value in detail. Wh..
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