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What is the definition of The Spirit of Capitalism?
What religion is most popular in governments with free capitalism?
List five (5) characteristics of the Protestant work ethic.
What is the future of capitalism?
Acopalypse Now Inc. is a company that manufactures products for the New Age market (Crystal balls, Nostradum predictors, Tarot cards etc.). The firm has 10 million shares outstanding trading at $ 10 per share, no debt outstanding and a cash balance o..
Argue whether you favor or oppose the doctrine of sovereign immunity, and provide specific reasons supporting your opinion of sovereign immunity
Assume that in an election voters are distributed on different positions from 1 to 10 (extremely leftist to extremely rightist) and that instead of having voters distributed uniformly across 10 regions, suppose that position 1 has a different number ..
(Edge worth box) Suppose Jimmy and Rita are in an exchange economy. Their endowments: apples and oranges. Suppose further that both Jimmy and Rita’s utility functions are concave in the two goods. If the initial allocation is that one party has all o..
A competitive firm has the following cost function: TC = 0.2Q2 + 6Q + 12 The firm believes the market price for their product will be $11 with probability 0.45. Otherwise, they believe the market price for their product will be $18. Find the firm's e..
Elucidate why the boundaries of the firms that group members currently work for are dawn at their current limits, and consider whether there are opportunities to increase the returns generated for your firm's owners by a change to those vertical o..
According to researchers, a coin flip may not have a 50% chance of landing heads and a 50% chance of landing tails. In fact, they believe that a coin is more
A monopolistically competitive firm is operating in the short run, is operating at the optimal level of output, and is earning positive economic profits. Describe how this industry will adjust in the long run.
You have a gross income of $12029 in 2014. You filing status is single. You do not itemize deductions and you are allowed 1 exemption. What is your federal tax bill, assuming no phaseout of personal exemptions based on income?
Under a cap-and-trade program designed to control greenhouse gas, suppose the demand for pollution rights increases as the economy improves. What happens to the equilibrium price for the pollution rights?
The United States purchased Alaska in 1867 for $7,200,000. Assume that federal tax revenue from the state of Alaska (net federal expenditures) is $56,500,000 in 2018 and that tax revenue started in 1868 and has steadily increased by 3% annually since..
Explain in words how these tools will affect the aggregate demand, long-run aggregate supply, and short-run aggregate supply curves.
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