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Why does America have a two-party system?
1-Most Americans are either liberal or conservative and each party formed to support those issue positions.
2-Every democratic political system has only two major political parties
3-America has a first-past-the-post electoral system with single member districts
4-The law explicitly states that only two political parties are allowed in America.
Given a production Yt=(Abar)Kt^(1/3)Lt^(2/3) and K*=1000 and Abar=3/2. and also there are Lbar=1000 workers who supply labor in elastically. What does the long run model say wage in this economy is?
Draw a hypothetical demand and supply curve for cyber cafes - coffee houses with computers hooked up to the Internet with access to daily newspapers (among other things) at each table. Show how demand or supply is affected by the following:
Define Indifference Curve and what are the main properties of Indifference Curve? By using Indifference Curve analysis explain how the consumer attains maximum level of satisfaction?
Identify which economic also political policies affect your firm also Explicate Explain how they impact business decisions.
What constraints does the consumer who follows Biblical principles have on his consumption that a non-Bible believing consumer would not have?
Comment on the difficulty of calculating opportunity costs (the economic concept) as compared to accounting costs (explicit costs). Do you have any suggestions for making the calculation of implicit costs easier?
A nation has a tax rate of 20% on the first $20,000 of taxable income, 30% on the next $30,000, 40% on the next $20,000 and then 50% on all taxable income above $70,000.
q. a company has the production function in the short termq 50l 6l2 - 0.5l3where q weekly productionl labor number
Nevertheless your total unit sales have increased over this period. Assuming rational buyers and no deceptive advertising, how can you account for this.
three arguments used to promote trade barriers are the national security argument the infant-industry argument and the
A friend of yours just bought a new sports car with a $4,000 down payment, and her $25,000 car loan is financed at an interest rate of 0.25% per month for 48 months. After 2 years, the "Blue Book" value of her vehicle in the used-car marketplace is $..
The text noted that money performs three basic functions. Select one of these functions and describe the ways rapid inflation could undermine money's ability to perform the function you selected.
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