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Why did China not improve its non-agricultural technology in the period 1680-1800? Agricultural technology was already at high level, and it continued to improve during this period, permitting living standards at least to be maintained despite the large increase in population. But there was little progress in non-agricultural technology and China did not seem to be on the verge of an Industrial Revolution. You have read two articles by Pomeranz (Without Coal...) and Landes (JEP 2006). Drawing on these two articles, explain in your own words what you think are the most compelling causes of China's technological stagnation at a time when Europe was progressing rapidly.
Compute the short-run profit maximizing level of labor and capital demand. Compute the long-run profit maximizing level of labor and capital demand.
A baseball player earns $1,650,000 a year. Scully estimated that an increase by 1 in the number of games won raises revenues by $286,911. Explain to the general manager of this player's team how you would decide if the player was overpaid,
Assume that a given set of resources can be used to make either handbags or wallets. The MC of a handbag is $19 and MC of a wallet is $10.
If a sample of size 18 has a linear correlation coefficient of -0.50, is there significant reason to conclude that the linear correlation coefficient of the population is negative? Use α=0.001.
Explain how would you relate the hiring practices of that industry or industries to fluctuations in the business cycle.
Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and maintain separate record keeping syste..
Elucidate the factors which contribute to the elasticity of goods. Descriobe how these factors influence consumers to purchases goods or services.
What countermeasures could it take to prevent the Congress from expanding the money supply and What is the potential impact on the money supply? Suppose the central bank decided that the money supply should not be increased.
Both Market A and B have the same demand curve of Qd = 400 - 20 Pd where Pd is the price customers pay and Qd is the quantity demanded.
VM is based on three root principles. A focus on objectives and targets A focus on the function A continuous awareness of value According to your text, what is VM and how is it used in an organization What are the benefits of VM
Find the equilibrium interest rare and what happens in the FED ( federal Reserve Bank) increases the money supply to $1,200
If the economy is a point C, what is the cost of one more automobile and one more forklift?
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