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1. Rule-of-law nations adopt laws supporting the private market because it is in everyone’s interest, including the lawmakers. True False
2. Common law relies more on legislation than judicial decisions to determine what the law is. True False
3. Sociological jurisprudence emphasizes that contemporary law should focus on legal principles that have withstood the test of time in a nation. True False
4. A writ of certiorari is a request from the winner in a case to have the favorable judgment confirmed by a higher court. True False
Identify the peculiarities of tourism as a product compared with everyday goods and services which consumers may demand. Why is repurchase consumer decision making particularly important in travel and tourism demand.
There are problems faced by regulators in setting price for a natural monopoly. There are different regulatory options for setting prices: price equal marginal cost; price equal average cost. compare and contrast them. Identify the potential problems..
Consider the following production function. Y=K^5 (AN)^.5 , where both the population and the pool of labor are growing by rate n=.07, the capital stock is deprecciating at a rate of d= .03, and A is normalized to 1. What is the form of this producti..
When the price of wine is $10 per bottle, Tom purchases 30 bottles every month. Later, the government introduces a 50% tax on all alcoholic beverages, which is to be completely borne by consumers. This reduces Thomas's consumption to 16 bottles of wi..
Suppose the government imposes a 20-cent tax on the sellers of artificially sweetened beverages.
Suppose that you are trying to determine whether OPEC is an effective cartel. Discuss how you would go about distinguishing between the following models if you could observe market prices, output levels for individual countries, and the short run mar..
Decision tree Diagram is an example of (a). Cause and effect diagram (b). scatter diagram (c)sensitivity analysis (d). EMV analysis
if the person withdraws $12000 at the end of each year, after how much years will the savings be exhausted?
Analyze the federal debt over the past 100 years, by decade. What were the major issues or causes per period?
q.the long-run average cost curve for a firm in an industry isatc 10q2 - 50q 100 as well as its marginal cost ismc
What common assumptions guide the Thucydides and Procopius readings regarding how a historian should chronicle a plague? What different assumptions do they possess about both human behavior and the role divine forces play in human history? How do bot..
Use the Mundell-Fleming model to show for a small country with a flexible exchange rate that fiscal policy becomes less effective as international capital mobility increases.
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