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Is democratic government and equal rights are necessarily related, in the way Lincoln's opening quote implies."As I would not be a slave, so I would not be a master. This expresses my idea of democracy. Whatever differs from this, to the extent of the difference, is no democracy".
If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different?
Two plants are emitting a uniformly mixed pollutant called gunk into the beautiful sky over Tourist Town. The city government decides that the total emissions must be reduced by 100 kgs of gunk per day. If both systems (the pollution tax and the perm..
You are responsible for creating an ad that will hopefully entice more consumption of your product or service. Describe for me a couple of items that you want to say to your consumers through your ad?
Raisin bran and milk are complementary goods. A decrease in the price of raisins will:
Would you rather receive $100 today or $120 in one year? b Would you rather receive $205 today or $240 in one year? c Would you rather receive $500 in one year or $610 in two years?
Illustrate what do the results tell you about the relative size of the income also substitution effects for leisure for Jake.
Jennifer and Drew consume orange juice and coffee. JenniferÆs MRS of orange juice for coffee is 1 and DrewÆs MRS of orange juice for coffee is 3. If the price of orange juice is $2 and the price of coffee is $3, Which market is in excess demand? Plea..
Suppose that the developing countries like China and India start promoting consumption, and as a result there is sudden decline in world savings. What happens to the investment in a small open economy like Singapore? What happens to the trade balance..
What are three key events of the twentieth century that have shaped international relations today? Describe the events you choose and explain each of your choices.
If the Federal Reserve wishes to put upward pressure on market interest rates, what would it be most likely to do? How would it proceed to push the Federal funds rate in an upward direction? How would it lower the funds rate? Describe the trade-offs ..
The annual income from an apartment complex is $23587. The annual expense is estimated to be $2208. The apartment complex could be sold for $115756 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if you ..
Consider a country where capital per effective worker has converged to the steady state level. The government is concerned that the rate of growth is too low and is studying two policies in order to improve economic performance. Policy 1 encourages p..
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