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Which of the following is true of Ferdinand VII after his restoration to the Spanish throne in 1814? A He restricted freedoms and abolished the constitution of 1812 B He attempted to restore the Spanish empire in America, sending expeditions to seize Brazil and Mexico C His rule as a liberal, constitutional monarch was held up as a model for other European monarchs D His excessive use of torture and executions led to such a European outcry that he was deposed by a joint French-Austrian army, and his throne was given to his daughter.
Sally operates a large manufacturing firm near a federal land preserve known for its waterfowl and fauna. The federal government has long suspected that Sally and her Organization had ties to terrorist organizations and were involved in various crimi..
Consumers are always better off if a market is monopolistically competitive rather than perfectly competitive because of greater product variety. A monopolistically competitive firm sets price above marginal cost. A monopolistically competitive marke..
Assume that the market basket is defined as 1 hammer, 1 lawn mower, 1 unit of groceries for the year, and 2 bicycles. a. Compute the cost of the market basket for each year. Calculate the CPI four times. Use 2005 as the base year the first time, then..
If inflation turns out to be 1% over the life of the loan, what is the real interest rate? Who gains from unexpectedly low inflation, Loretta or Ted?
An auto-service establishment has estimated its monthly cost function as follows: What price should the firm charge to realize the targeted profit? What would be its (cost-based) markup ratio? Now suppose the demand curve the firm faces is: Q = 3000 ..
Monetary policy is clearly superior to fiscal policy in that it suffers less from..
The United States Federal Government has been running a substantial budget deficit since the 1970s and national savings levels have been steadily falling. Given this, can you explain why investment has remained positive and has been growing steadily ..
Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish “absolute advantage” from “comparative advantage” in the context of your example. Then select an international terms-or-trade ratio and explai..
During a year of operation, a firm collects $175,000 in revenue and spends $80,000 on raw materials, labor expense, utilities, and rent. The owners of the firm have provided $500,000 of their own money to the firm instead of investing the money and e..
Illustrate the marginal revenue curve that corresponds to positive marginal revenue. Line segments will automatically connect the points.
A bond has a Macaulay duration of 5.5 a yield to maturity of 6.1 percent, a coupon rate of 7.0 percent, and semi annual interest payments. What is the bond's modified duration?
Suppose a monopolist faces the following demand curve: P=596-4Q. Marginal cost of production is constant and equal to $60, and there are no fixed costs. how much profit will the monopolist make if she maximizes her profit?
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