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Why did freed slaves believe that land ownership would be so important for their freedom? How did the system of sharecropping limit their freedom and make land ownership difficult to achieve? Do you think the government should have seized the land of former slave owners and redistributed it to former slaves.
Which of the following questions from investors is best answered from the Income Statement?
For class surveying different economic systems, I read a book on Marxism and its core beliefs. As I read, I came to learn that the Marxist view of economics depends heavily on the Labor Theory of Value since Marx believed that the value of a good was..
If the present yield to maturity for this bond is 8%, calculate the current price of the bond using annual computing. Use annual analysis.
Determine the difference in the present worth values of the following two commodity contracts at an interest rate of 8% per year.
Country A can produce either 10X and 0Y or 0x and 20Y. Country B can produce either 30X and 0Y or 0X and 40Y. Identify the opportunity cost of producing each good for each country. Identify the comparative advantage of each country
The Equation of Exchange is given as MV = PY , where M= the nominal money supply, V= the velocity of money, P= the price level and Y=real GDP. What is the Monetarists’ argument (based on the quantity theory of money) about an increase in M? Explain a..
Explain how does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter.
Explain how was the second law and end-use analysis linked to socially constructed scarcity.
What is the market equilibrium and price? What happens to the equilibrium price and quantity if one firm Drops out of the market for some exogenous reason?
The financial crisis that occurred 2008-2010 amounted to a increased debt ratio in many countries. Write the debt ratio formula. Discuss in detail what factors that tend to increase or decrease the debt ratio under a financial crisis.
Assume that the minimum wage in Illinois is increased. Carefully explain what will happen to the market for McDonald's Quarter Pounders. What do you believe will happen to consumer and producer surplus? Explain.
The demand for a product is Qd=100-4P-3Px and supply is Qs=10+2P, where Q is the quantity of the product, in thousands of units, P is the price of the product, and Px is the price of another good. Refer to Scenario 1. When Px = $20, what is the equil..
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