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1. What is Malthus’ theory of effective demand?
2. What is Malthus’ solution to the problem of general gluts?
3. Describe how Ricardo and Malthus came to different conclusions concerning the Corn Laws.
4. Hunt states in chapter 5 that the utility theory of value supports the social harmony view of the invisible hand in the market. Describe.
5. Describe why the labor theory of value of the classical economists supports the conflictual view of the market economy. Use examples.
Our customers who choose to keep a car for an extra day are currently paying the same base daily rate. Do you see any potential in exploring alternative schemes? If so, what changes should we implement-shall we change the price for extra days? Wha..
describe at least two 2 situations in which you have employed self-handicapping in the past. what would the costs
To be meaningful, a price ceiling must be below the market price. Conversely, a meaningful price floor - must be above the market price. What impact will a meaningful price ceiling have on the quantity exchanged
select one 1 of the following categories of products to research sports apparel automobiles home furnishings or
identify and discuss three of the five ways we measure our economic performance. research and analyze each and answer
explain to a martian what eigenprices are assuming no academic economic knowledge or understanding of mathematical
Consider a $500,000 initial investment, annual savings of $92,500 for a 10-year period, a salvage value of $50,000, and a 10 % MARR applies. Using a spider plot, examine how sensitive the annual worth for the investment is to errors in estimating ..
general instructions the modeling project for this course is intended to give you hands on experience to construct an
the state of california recently considered passing a tax on the services of doctors in that state in order to raise
If the firm has $20,000 on hand, with only these two project to choose from, will they invest in A, B, neither or both? Show the calculations that lead to your conclusions. Explain whether you answers would be different for either project if the f..
Define carefully what is meant by a demand schedule or curve. State the law of downward-sloping demand. Illustrate the law of downward-sloping demand with two cases from your own experience.
Recently, there has been a lot of press about high lead content in toys made in China. This negative press can affect the foreign exchange rate in the United States dollar and Chinese yuan.
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