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In his famous book, Imperialism: The Highest Stage of Capitalism, Lenin argued that the maturation of capitalism by the eve of World War I created a new set of social dynamics within the developed world. Moreover, he believed these developments within the advanced capitalist world alter the relationship between the advanced capitalist powers and the developing world. Explain each of the five features that Lenin believed characterized this latest stage of capitalist development. Why was he convinced that this latest stage of capitalist development might lead to wars, depressions, and revolutions? Explain.
What parts of Lenin's analysis do you think Keynes would reject? Explain.
Owner of a haulage business is planning to invest in a new eighteen wheeler that costs $180,000, use it for 5 years and then sell it off for $90,000 dollars. At 7% interest rate, how much net revenue the investment has to at least produce each year t..
To identify a country other than the United States for someone seeking portfolio diversification I would first need to understand their investment goals. The investor could seek a diversified portfolio thats aggressive, balance, or conservative. My a..
Suppose that the economy improves and the crime rate in West Philadelphia drops, so that the marginal product and average product of a group of 100 police offers is now 55 arrests per hour for any number of police officers. What is the optimal alloca..
a. Find the market demand function and the market supply function for this card. b. Mathematically obtain the equilibrium price and equilibrium quantity. c. Construct the Demand and Supply table and mark the equilibrium price and quantity.
Assuming no change in demand, will the Fed need to increase or decrease the supply of Federal funds? By how much will the quantity of Federal funds have to change for the equilibrium to occur at new target rate?
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
The nations of Utopia and Paradise both produce popcorn and cola. They currently do not trade. Below are the Production Possibilities Frontiers for both countries, Utopia and Paradise both decide to specialize in one product and trade for the other. ..
Minimum Wages: In lecture we set down rough numbers for California’s forthcoming ongoing choice to raise the minimum wage to $15/hour in 2023—to a level that represents an increase from a level in 2014 that, relative to productivity and given current..
Monetary policy tools used by the Federal Reserve (Fed) today do NOT include
Demand for football tickets at a state university is Qd x = 80, 000−12, 000p. The capacity of the stadium at that university is 50,000 seats (In other words, Qs x = 50, 000). Find the marginal revenue curve that corresponds to the demand curve. Find ..
A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 X age + 1,300 X years education + 0.116 X household wealth. Explain how to interpret the numbers in this model.
If operators receive $25 an hour, how many operators should the agency hire. Illustrate what is the most the agency would be willing to pay the first operator.
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