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What is the central idea of mercantilism? Explain how this central idea was illustrated by the mercantilist period of history and how it compares to neomercantilist policies being used today.
Discuss the debate over whether the expansionary monetary or fiscal policy would have successfully pulled the U.S. economy out of the Great Depression. Discuss the changes in federal tax policies during the Great Depression. Explain their impacts ..
Suppose that prisons hostorically have required inmates to preform, without pay, various cleaning and food preparation jobs within the prison. Now suppose that prsiosners are offered paid work in factory jobs within the prison walls, and that the cle..
The inverse demand that duopoly quantity-setting firms faces is p = 90 - 2q1 - 2q2. Firm #1 has no marginal cost of production, while firm #2 has a marginal cost of $30. How much does each firm produce if they move simultaneously? What is the equ..
In 2005, Clear Channel (an owner of popular radio stations) spun off concert promoter Live Nation into an independent company. How would this affect prices for concert tickets or rates for radio programming?
Explain why calculating GDP using income approach or expenditure approach yield the same for any economy. Use the idea of circular flow to explain how expenditure approach and income approach is shown in the circular flow diagram. What are the two fl..
Explain how are poor infrastructure, lack of financial institutions and a sound money supply, low saving rate poor capital base.
while a decrease in price of pizzas rotates it rightward. How can we possibly speak systematically about people's preferences.
You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semi-annual interest payment. The bond rate is 6.6% per year payable semi-annually. You plan to hold the bo..
Stores need not accept your check but must accept currency because
Suppose there are two goods being produced in the economy: robots and wheat. Robots are a capital intensive good and wheat is a labor intensive good. Suppose that there are two countries: France and Brazil. Be sure to include (1) the production possi..
Assume a firm is currently employing 20 units of capital and 100 units of labor in its production process. In this case, in order to minimize its costs of production the firm should:
Explain how the following events will affect the demand for money according to the portfolio theories of money? demand: The economy experiences a business cycle contraction. Brokerage fees rise?, making bond transactions more expensive. The stock mar..
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