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After reading "The general equality [or] Monsieur Tocqueville," Chapter in the Reader and your Textbook, answer the following question: What did Tocqueville mean when he wrote that "freedom of opinion does not exist in America"? How “democratic” was the United States during the 1830s? Who was included in the political process and who was not? Be sure to support your answer with facts---not opinions and provide citations for everything.
We have learned that inequality is a fact of social life. While an education does not guarantee economic success, some people may be motivated by the opportunities and income an education may generate.
Why do medications cost so high in the U.S. compared to other countries? Should individuals be allowed to purchase medications over the Internet? Why/Why not? Should there be a cap on the mark-up that hospitals or other healthcare facilities charge f..
Hugo has a concave utility function of U(W) = W^0.5. His only asset is shares in an Internet start-up company. Tomorrow he will learn the stock's value. He believes that it is worth $144 with probability 2/3 and $225 with probability 1/3. illustrate ..
During the Self-Determination Period, Federal agencies have:
Elucidate what impact will this change have on the price level, output, and employment in the short run in the United States.
What should you do to maximize profits with respect to prices after you acquire a substitute product.
A town wants to build a new bridge. Construction firms will submit sealed bids. The town will award the contract to the firm that submits the lowest bid and will pay the firm the amount of the second lowest bid (that is, the town will conduct a secon..
You have $12,500 to invest and you are considering investing in Fund X. The fund charges a fron-end load of 3% and an annual expense fee of 2.25% of the ending asset value over the year. You believe the funds gross rate of return will be 8% per year...
Your firm is one of 100 identical firms operating in the short run in a perfectly competitive market. Your total cost function (short run and long run) is C = 500 + 20 q + q2, and your marginal cost function is MC = 20 + 2q. Find the supply curve for..
A construction company is bidding on a project comprising five high-rise buildings to be erected one after the other.
Suppose the price of capital in the restaurant industry decreases. Explain how the decrease in the price of capital affects the demand for labor in this industry. Be sure to explain both the scale and substitution effects.
Suppose that this year the money supply is $500 billion, nominal GDP is $10 trillion, and Real GDP is $5trillion. All underlying work must be shown to receive full credit. What is the price level this year? What will happen to nominal GDP and the pri..
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