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Which of the following is a characteristic of civil law?
a. The judicial branch in civil law systems may create its own new law.
b. In civil law systems the legislative branch has little authority.
c. Civil law systems use a form of system of separation of powers.
d. Precedent is an important source of law in the civil law system.
e. The civil law procedure is like the U.S. system of checks and balances.
Describe in detail ow a perfectly competitive industry determines the price and quantity. Explain the role of the firm in this market regarding price and quantity determination. Show your answers utilizing a graph for the market as well as the firm.
The total payment of resource income in the economy is equal to the total value of the output. In the simple circular flow model, if planned I exceeds planned S, then. The level of total output and the price level can be affected by changes in consum..
The price of good A is Eur 20,the quantity demanded is 500 units at yhis price,and price elasticity of demand is Ep=1,8,then a reduction in price of the good by eur 5 would increase the total revenue of seller by
What is the expected impact of fall the business confidence. Explain with suitable diagram. Will monetary policy help to increase the investment by private sector in the presence of fall in the business policy.
What happens to the regression F value if R2 decreases holding everything else constant?
How low much a quota be to have an impact on trade? Using a demand -and -supply diagram, illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances would the net welfare loss from an import quota exceed the net w..
We learn from Gorton that it is not possible to prove that had Lehman Brothers been bailed out by the government or the Federal Reserve the financial crisis of 2008 would not have occurred. This is an example of not being able to prove the “counterfa..
Elucidate how advertising can be employed to allow Tots-R-Us to keep cost above average cost with encouraging entry.
Participate in a discussion with your classmates regarding how international trade affects our lives. You have a big stake in the politics of free trade versus international trade protections. As a buyer, your self-interest is hurt by tariffs and quo..
In the space below, draw the complete intertemporal consumption model with investment and money, being sure to label completely and correctly. Next, show the impact of an increase in the money supply using the assumptions of money neutrality. Explain..
Given the solution to problem 14, what is the Nash Equilibrium of this game?
Compute the real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
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