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Assignment
Federalism in the United States has evolved over the past 200 years from an arrangement where state and national government powers and responsibilities were clearly distinct and separate, to one in which the line of distinction between the two has blurred. First, explain the clauses in Article I, Section 8 of the Constitution that have allowed the expansion of national government power, how Article VI's Supremacy Clause plays a role, and which amendment in the Bill of Rights is intended to act as a countering force to restrict such expansion. Next, explain how the Supreme Court decisions in McCulloch v. Maryland and Gibbons v. Ogden legitimized Congress' use of these clauses to expand the power of the national government. Finally, as the main focus of your essay, analyze the impact of The New Deal upon American federalism. What is its legacy on contemporary American politics?
When the economy is at full employment, what types of unemployment may exist? Over the last 100 years, the U.S. labor productivity growth rate experienced its largest declines.
Can you illustrate through using supply and demand graphs what happens to the equilibrium price and quantity in each of the following conditions.
Evidence suggests that there is less price competition in an oligopoly than other forms of market structure. Why is this the case?
Assume that software purchases by businesses are treated as expenses, as they were before November 1999. Calculate GDP using three different approaches: expenditure approach, income approach, and product approach.
A recent national survey found that high school students watched an average (mean) of 7.2 DVDs per month with a population standard deviation of .90. A random sample of 35 college students revealed that the mean number of DVDs watched last month w..
What is the probability that the first spin lands on blue and the second spin lands on gray? Write your answer as a fraction in simplest form.
In the 1990s Japan reduced its exports of automobiles to the United States by 28 percent. If you were the manager of a US car dealership, explain how would this affect your pricing strategy.
tlc lawn care inc. provides fertilizer and weed control services to residential customers. its seasonal services
Suppose the annual demand function for the Honda Accord isQd= 430 - 10PA+ 10PC- 40PG, wherePAandPCare the prices of the Accord and the Toyota Camry respectively (in thousands), and P Gis the price of gasoline (per litre).
How does the share of income spent on each good change with pb? If consumers' preferences defined by a Cobb-Douglas utility function, what does your result suggest about their expenditure patterns?
According to the analysis of the British economist John Maynard Keynes,...
Assume the marketplace for milk. For each of the following events, state whether it affects supply or demand (or both, or neither), which direction supply/demand shifts.
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