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Compare and contrast the lives and contributions of "the men who built America" to the lives of their workers. How and what did each of these groups contribute to country? How did people like Rockefeller and Carnegie rationalize their extreme wealth? Do you believe it was fair for the workers to demand better conditions, pay, etc? Make sure to explain your answers, cite your source (s).
Research shows that much more money is spent on medical care for the elderly today than 50 years ago. What is the likely reason? Do today’s elderly tend to be sicker and more likely to be disabled than in prior years?
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $55,000 and her store made $115,000 in profits (not counting payment to her top manager). She suspected t..
question 1 one tradeoff society faces is between efficiency and equality. elaborate each term with suitable examples.
A monopolist practicing third degree price discrimination sells its product in Florida for three times the price it sells in New York. Price elasticity of demand in New York is -2, what is the price elasticity in Florida?
Assume consumer equilibrium (budget curve and indifference curves). Draw 3 separate scenarios: (1) the price of good x decreases; (2) the price of good y increases; and (3) the budget (income increases). In each scenario, explain the effect on the gr..
What are the two primary interpretations of the supply curve? Given this, why do we generally (although not always) expect to see upward sloping supply curves?
q. assume that capital goods are on the vertical axis of a production possibilities graph and that consumer goods are
What is a change in the interest rates on excess reserves? And there should be an actual equation with the numbers plugged in.
The Argentine peso to Canadian dollar exchange rate was 1 ARS = .092 CAD on March 25, 2016. A year ago the rate was 1 ARS = .143 CAD. Did the Argentine currency appreciate or depreciate and by what percent?
What is the objective of the firm manager, and what is the criterion for determining the output level in each of the following cases: The price of the product is less than the shut-down piece?
Suppose that the adult population is 9,918, the unemployment rate is 6% and the labor force participation rate 71%. How many people are employed?
The mean television viewing time for Americans is 15 hours per week (Money, November 2003). Suppose a sample of 60 Americans is taken to further investigate viewing habits. Assume the population standard deviation for weekly viewing time is σ?=4 hour..
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