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Demonstrate, why the bottled-water industry is considered as a good example of perfect competitive market? Also explain, why Perfect Competition is regarded as the best market structure for the society?
Why did Jackson and his followers insist on the removal of Indians from the Southeast (and places like soutwest Georgia)? What kind of society replaced that of the Creeks, Choctaw, Tuskegee, Seminole, and Apalachee?
Consider the hamburger market. Using the ideas you have learned about supply and demand, if the government taxes hamburgers, will there be more or less hamburge
etween February 2008 and Summer 2009 the Fed supplemented its open market operations with a greatly expanded program of direct lending (both overnight and short term 28 and 84 day loans) to commercial banks, investment banks, brokerage and primary de..
Suppose in a particular country, GDP per capita was $3400 in 1960 and $44000 in 2005. What is the average annual growth rate of GDP per capita in this country? How many years it will take for the GDP per capita to double, if it continues to grow at t..
What is the value of the project? And what is the optimal strategy to use natural gas vs. coal?
Outline some prominent features of the history of monetary theory in terms of the ‘Equation of Exchange'.
If prices are rising and a company’s inventory levels are unchanged, the use of fifo rather than lifo for inventory valuation will tend to result in the current period in a: higher income tax expense, b: lower gross profit percentage, c: lower ending..
What is the Natural Rate hypothesis? How does it prove the vertical shape of the Phillips curve? Explain the view of monetarists on policy making with the help of Phillips curve in 1960s and 1970s. Be thorough.
Now suppose the world relative price of cars is PC /PTV = 1. In what good will each country specialize? Briefly explain why.
There are 20,000 hours of labor for country A. 5 hours of labor are required to produce 1 unit of S, while 4 hours are required to produce 1 unit of T. Find the shape and dimensions of country A's PPF.
Suppose that both wheat and corn have an income elasticity of 0.2. a. If the average income in the economy increases by 2 percent each year, by what percentage does the quantity demanded of wheat increase each year, holding all other factors constant..
In jury selection, one cannot exclude potential jurors on the basis of race or other discriminatory criteria. One question is if this prohibition against discrimination should extend to potential jurors that have physical or mental disabilities. How ..
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