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Explain how the Whig party collapsed in the 1850s over the competition with "Slave Power." How did the party's collapse transform American politics, via the Republican party and the elections of 1856 and 1860? Make sure to cite any direct quotes. Please answer between 200 and 300 words.
what changes should they make in government spending or taxes ? what changes should they make if they decide a contractionary fiscal policy is necessary?
Suppose a consumer’s preferences over goods 1 and 2 are represented by the utility function u(x, y) = (x+ y)^3. Draw an indifference curve for this consumer and indicate its slope.
In 1800, the federal bureaucracy was relatively small with only a few thousand employees. Describe how the bureaucracy grew from a few thousand employees to the size it is today. Also, discuss how the bureaucracy is organized and how government emplo..
Explain how "history" affects ability of firms in this game to achieve an outcome superior to that of one-shot version of game.
Where W is the hourly wage for men and females, EDUC is years of education, EXP is total years of experience, and TEN is tenure with ones current employer. What fraction of the gender wage gap is explained by differences in the production characteris..
A market has linear market MC (might be supply) and demand curves. No one will buy the good if the price is above $200 and the firm will not produce the good if the price is below $20. Calculate the consumer surplus and producer surplus if this is a ..
The influence of labour unions on wages has been hotly debated over the last decades. Textbook economics would suggest that the introduction of labour unions in wage negotiations would lead to upward wage pressure, reducing employment.
What is the difference between the Federal Reserve’s “discount rate” and the “federal funds” rate? Why is the discount rate in the US not as important in financial markets as the federal funds rate?
The demand for borrowed funds is, The income of Lebron James, for example, is determined by, The income to someone such as Lebron James is
Illustrate what are the main determinants of the amount of excess reserves held by banks. Illustrate what is the primary determinant of deposits and the money supply in the long-run.
Consider changes in the supply of fresh orange juice. Give an example of a change in the price and quantity supplied that would demonstrate each of the following. Elasticity, Inelasticity
q1. why does the assumption of independence of risks matter in the examples of insurance? what would happen to premiums
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