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How did the United States transform economically between the War of 1812 and the Civil War?
Please answer between 200 and 300 words.
A medical doctor who specializes in a particular field (e.g., surgery) generally earns more than a general practitioner because
Which of the following does NOT determine the long-run level of real GDP?
In a six-firm market, if all firms charge the monopoly price, the profit equals $120,000. In that same six-firm market, if all firms instead charge the prevailing price, the profit is $60,000. If the pricing period is one-month long, what is the maxi..
Considering a machine which will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its expected saving from annual operating and maintenance costs are estimated to be $60,000.To expect a 15% rate of return..
Since a firm that is a perfect competitor in both the labor market and the final product market has hired the optimal amount of labor where the value of marginal product equals the wage, if the price of the product the firm sells doubles, will the wa..
Suppose nominal GDP in 2002 was $100 billion and in 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by:
Define the Law of Supply? Keeping in view the Law of Supply, how the following factors will shift the supply curve? (Each answer must be supported by a neat diagram):
A one year zero-coupon municipal bond interest rate equals the afer tax rate of a 1 year zero-coupon US Treasury Security (USTS.) The interest rate on a USTS is i = 0.1. The capital gains tax rate on the USTS is r = 0.1. What is the municipal bond in..
Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Gray stone and the Lava models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 8 skilled w..
On what documents (and where) would a sale of some of your company's equipment for cash appear?
q1. why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal
What is an absolute and comparative advantage? Give an example from your own life where you have an absolute, but not a comparative advantage with someone else.
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