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How did the goals of the classical gold standard and the goals adopted by the Bretton Woods conferees differ (Include a discussion of priorities for IB and EB)? How were the IB goals for the BW conferees expressed in the structure of the BW system? Explain at least two socio/economic changes between 1914 and 1944 that led to the evolution of the goals to be achieved in an international monetary system.
Why are state and local government functions different from the federal constitution?
The theory of public choice suggests that
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 12 countries to their current markets. If the agreement is reached, operations are exp..
A major principle guiding the design of the Constitution is separation of powers. Which of the following is part of the separation of powers principle?
When it comes to the goal of eliminating absolute poverty and income inequality, most economists would argue that
A machine has a current salvage value of $10,000, which will drop by $2,000 per year. The maintenance costs will be $1,250 per year. What is the marginal cost to extend the service for 1 year, at 8%?
All else equal, in an open economy, how would an increase in the marginal propensity to import (MPI) affect the government purchases multiplier?
Price elasticity of demand tells us more about the consumers' purchases than the law of demand. Define price elasticity of demand. How does it differ from the law of demand? Explain why we need to calculate the absolute value of elasticity of demand.
President Obama, in promoting the cost savings of government health care stated: "... Private insurers have to make a profit. Nothing wrong with that, that's what they do. And so [private insurers have] higher administrative costs, plus profit on top..
What are some of the ways in which Barry Diller’s e-commerce online companies could cooperate to deliver superior value to the customer?
What are the underlying objectives for the definition of risk? How does risk fit on the spectrum of certainty and uncertainty? Provide the formal definition of risk. What are the three major categories of risk attitudes? Explain the categories of ris..
Using the equi-marginal principle and the condition for consumer utility maximization, please explain the effect on the consumption of gasoline when prices increase. You may assume that the utility of money is constant.
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