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Answer this 2 questions
1. Explain Domar's theory of slavery and serfdom as it relates to population and land endowments.
2. Compare and contrast the manorial system in Western Europe with Russian Serfdom.
Thr each question needs 100-150 words.
Find the equilibrium price and quantities for the case in which the two taxi companies engage in Cournot (quantity) competition. What profits will Big Ben Taxis and Whitehall Taxis earn.
According to the quantity theory, in the long run, an increase in the growth rate of ________ leads to an increase in the ________ .real GDP; inflation rate the quantity of money; growth rate of real GDP the quantity of money; inflation rate
Mention the four assumptions for the Monopolistic competition model.
Unitary systems concentrate the power within the central government and little or no authority is granted to the component areas. In contrast, federal systems allow first-order civil divisions to have some autonomy, while the central government ma..
In the money market, money supply is determined by the central bank, such as the Fed in the U.S. Because of this, money supply curve is usually vertical in the short run, while the money demand curve is downward sloping.
Do these firms have an incentive to reduce their pollution? Explain with diagram. d. Modern economists suggest 2 solutions to the pollution problem above. Explain how a pollution tax (use diagram) and an emission permit trading scheme can both "so..
What can best explain that a business owner is responsible for all the business losses and debts?
Karen earns $75,000 in the current period and will earn $75,000 in the future. Assuming that these are the only two periods, and that banks in her country borrow and lend at an interest rate r = 0, draw her inter-temporal budget constraint.
Assume that the market demand for broccoli is given by Q=1000-5P and the market supply of broccoli is given by Q=4P-80 where Q is quantity per year measured in hundreds of bushels an P is price in dollars per hundred bushels.
Explain the fact that balance of payments surplus means excess of central bank credit over the demand for real money balances in the economy.
an analyst is trying to determine the net social benefits generated by the citys public swimming pool. at the current
There are several ways that mutual funds can generate returns for investors. Compare and evaluate these different types of income and evaluate their tax effect.
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