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Alexander Hamilton and John Marshall were both leading Federalists. How do the views expressed by Marshall in the Supreme Court decision Mar bury v. Madison and those expressed by Hamilton in his opinion regarding the constitutionality of the national bank reflect the outlook and vision of the Federalist Party? Why was it especially important to the Federalists to uphold and honor the United States Constitution?
The demand schedule for JK Rowling's book is Q=3000-100P. The cost of having the book typeset is $10,000 and then the cost of printing each copy is $4. How many copies should JK Rowling print?
Can you think of an existing product that has been repositioned by finding a new market with a different need than the original product? Think of Croc's Shoes, for example. They repositioned from a casual, fun shoe to a practical work shoe for nurses..
In today's environment, competitive conditions are so intense that to survive in the global market, firms must exploit experience-based cost economies and location economies, they must transfer core competencies within the firm, and they must do all ..
In the aftermath of the 2008 Financial Crisis, the Basel 3 Accord sought to reduce systemic risk. What are the most serious problems with Basel 2? What are the most significant regulatory improvements of Basel 3? Which provisions do you believe are m..
Explain what is meant by the idea of an “optimum-size firm.” What forces would make firms in one industry on average larger than firms in another industry (e.g. grocery stores are generally much larger than beauty parlors)?
It is expected that the price of a bushel of wheat will increase in one month. This belief will result in
What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?
Suppose further that the MCP is 0,8 if the government wants to increase the real GDP to 2000 billions, by how much should the government increase /decrease its lump-sum taxes? Assume the price level is fixed.
Why is economics a science of choices? Explain the kinds of choices confronting workers and employers in labor markets. Distinguish between microeconomics and macroeconomics.
Money acts as a unit of account, medium of exchange, or a store of value. Describe each of these different functions.
In 2003 to 2004, the Canadian dollar appreciated against the US dollar. Explain the effects of this appreciation on each of the following. Canadian exporters of goods to the US. Canadian firms that buy machinery and equipment from US suppliers.
What are the advantages and disadvantages of using the Gross Domestic Product (GDP) as a measure of productivity and economic health? Explain your answers
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