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1. What led to the rise of mercantilism?
2. How did mercantilism interfere or work against the rise of capitalism? How did it promote it.
Explain two arguments against Keynesian fiscal policy, one using the concept of "crowding out" and the other showing that it can only cause inflation.
As the economic consultant to the dominant firm in a particular market, you have discovered that at the current price and output demand for your client's produc
It also sold real estate for a profit (income, not capital gain) of $40,000. Determine the federal taxes owed by Red Ranger.
Evaluate the impact of one of the following? The development of the modern health insurance industry, Medicare and Medicaid, or the Hill-Burton Act of 1946? On the development of the hospital system. How might our hospital system be different today h..
What are some key fixed and variable costs for this business? Remember, fixed costs do not change when output changes.
Joe won $365,000 a year for life in the state lottery. Use the labor-leisure choice analysis to answer the following. show how Joe's lottery winnings affect the position of his budget line. Joe's utility function for goods per day (Y) and hours of le..
We are working on Chi-Square. I have the answer but must explain how I got it. My question is circled in the picture.
Explain why there would be such a discrepancy between the multiplier formula results and actual outcome.
An example of a permanent supply shock is:
What are the advantages and disadvantages of using an expansionary monetary policy in a recession compared to using fiscal policy? (Please note: I am not asking you how monetary policy works. You have already answered it in part c above. The question..
Consider the following demand curve for apples. Price (in dollars),10,9,8,7,6,5,4 Quantity (in Bushels), 1,2,3,4,5,6,7 a) Find the price elasticity of demand between the prices $8 and $9. Is the demand curve elastic at this point? If so, why? If not,..
Discuss how the consumer assesses the value of marlboro cigarettes. How does it compare to competing marlboro on the market? Is value based on price, product attributes, something else, or a combination of things?
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