Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Knowing that a neoclassical, capitalist economy depends on continuous economic growth (by making its production, distribution, and consumption more efficient), what might a savvy political economist say in argument against the prevailing economic system? Answer a. The economic individual maximizes her utility, is self-interested and rational; therefore, her endeavors will be successful with hard work. More of her peers should look to her; that attitude would really help our economy grow. b. The government should assist the economy by giving large amounts of money to help improve the efficiency of a few big firms during slow economic times and let inefficient, smaller firms file for bankruptcy. c. The earth's resources are finite, and the economy depends on those finite resources because it is a subset of the environment. Thus, there are biophysical limits to growth, and the neo-classical economy should re-think its system before it dooms our planet. d. I don't want to be a political economist anymore. It's too hard, the system is already set in its ways. I want to get a job that makes a lot of money! Which of the follow is NOT a characteristic of capitalism? a. private ownership b. pursuit of profitc. government control of the economy d. competition and consumer sovereignty
An institution through which buyers and sellers interact and engage in exchange is Answer A. a central authority. B. a market. C. a production frontier. D. "laissez-faire." Which of the following does NOT explain the breakdown in feudalism? Answer A. Breakdown of the guilds B. Rise of Catholicism C. Urbanization D. Creation of the Nation-State.
Bayer Schering Pharma AG, Germany owns the Alka-Seltzer, which was launched in 1931 and was meant for relief of minor aches, pains, inflammation, fever, headache, heartburn, sour s
State about the international capital flow An international capital flow is defined as movement of money for the purpose of speculation or investment between countries. It inc
Aggregate supply Remember that labor demand provides us profit-maximizing quantity of L for a given real wage. If W/P is given (as it's in cross model), we can find profit-maxi
Suppose the annual demand function for the Honda Accord is Qd = 430 - 10 PA + 10 PC - 10 PG where PA and PC are the prices of the Accord and the Toyota Camry respectively (in thous
Q. Demand for money and GDP? The demand for money also relies on the GDP as GDP is closely associated to national income. If you choose to hold a fixed proportion of your wealt
what does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?
according to this example,how much value do each book contribute to the GDP? a) a forester chop down 100 trees and sell them @$100 to the paper and pulp factotry
The Stop decay company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per month over the past year. Recently, its closest competitor, Decay fighter, redu
neoclassical
There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd