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The first effort at converting “republican ideology” into a real government resulted in the Articles of Confederation. What were the strengths/weaknesses of this government? Why did the Founders create this government? After only a decade America’s leaders replaced the Articles with the Federal Constitution. Why and how was it different from the Articles?
Suppose the own price elasticity of demand for good X is -0.2, and the price of good X decreases by 10%. We would expect the quantity demanded of good X to:
for five countries of your choice collect the gdp per capita from unstats.un.org any year and countries you like where
Suppose demand function for good 1 is X1=(2m)/(P1+2P2). Calculating relevant elasticities answer the following questions. Show your calculation. Is this good ordinary or Giffen?
Suppose it had begun an expansionary policy early in 1981. What does the text's analysis of the inflation unemployment cycle suggest about how the macroeconomic history of the 1980s might have been changed.
What is the difference between a solicited proposal and an unsolicited proposal?
A monopsonist faces a labor supply curve given by LS = −300 + 0.01w , where w is the annual salary. What is the lowest salary the firm can pay yet still induce one worker to want to work for the firm? What is lowest salary the firm must pay to induce..
For what range of output is this technology a natural monopoly? What are the second-best-where P = AC and the market clears-price and output?
A kinked demand curve is most likely to occur when other firms. The difference between the price firms would be willing to accept for their goods and the price they actually receive is called. The marginal product refers to the impact of which unit o..
Suppose that currency in circulation is $500 billion, the amount of checkable deposits is $1,000 billion, excess reserves are $150 billion, and the required reserve ratio on checkable deposits is 10%. Calculate the money supply, the monetary base, th..
Tomatoes grow well in Kansas. Why do the people of Kansas buy most of their tomatoes from Florida, Mexico, and California?
To counter parents' concerns about fast foods and childhood obesity, McDonalds considered: Domestic currency depreciation will:
q1. does the existence of poverty imply that our socioeconomic system is unjust? does the concentration of poverty in
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