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Homework
1. Well through the mid 1700's most colonists were happy to be subjects of the British Empire. Yet by the 1770's the British North American colonies were moving towards rebellion. Why were the British unable to retain the colonists' loyalty in the period leading up to the Revolutionary War? Trace and discuss the ways in which the British lost their American colonies.
2. Explain and discuss what you might describe as radical elements in the Declaration of Independence. Do you believe the Revolution was radical or conservative, and why?
3. What issues led to the war between Britain and the United States in 1812? How did each issue contribute to the outbreak of war? Finally, why do some historians refer to the War of 1812 as the "second war for American Independence?" What events after the war give proof that this war for independence was successful?
4. Trace the development of political parties in the U.S. from Washington's to Jefferson's election.
The theory of purchasing-power parity primarily explains 1. why a change in the real exchange rate changes a country's net exports. 2. why trade deficits tend to move to zero over time. 3. how foreign prices affect domestic prices. 4. the determinati..
The U.S. was on a "gold standard" from 1879 to 1933. Which of the following was a a major disadvantage of being on the gold standard from an economic point of view?
What we probably won't see is a significant increase in construction. The market still has plenty of existing inventory to work through before more homes are needed.
Utilizing productive efficiency as the guide, which country should produce Chevrolets and which should produce Toyotas.
Assume that potential rural-urban migrant would work for two periods ( of some length) in either the rural or the urban area.
Explain why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then.
A software maker has fixed costs of $18,000 a month and her Total Variable Costs as a function of output Q are listed below;
Forbes magazine claims that "Mobile is the future of everything." In your discussion post, summarize what you think is meant by this statement. In addition, explain whether you agree or disagree with the statement.
You were recently hired to replace the manager of the Roller Division at a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor and a machine that cu..
What is the monopolist's profit maximizing price c) What is the profit maximizing quantity for this monopolist d) How much profit is the monopolist making e) Suppose the market is no longer depicted by a monopoly, but has become perfectly competiti..
You observe that output is above full-employment output. Politicians are discussing about the possible reasons. One party claims that this is due to a drop in world oil prices.
Using the exchange rates and prices in the tables above:
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