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Define political parties. Discuss the ways in which political parties contribute to democratic government through the functions they perform. In democracies around the world, multi-party systems are far more common than the two-party system in America. Discuss the types of third parties in the United States. What role do they play? Discuss the factors that help to explain why the United States has a two part system? Describe the different types of third parties that have been formed in the United States and discuss the effects of third parties on American politics
Consider an economy with the following Cobb-Douglas production function: Y = K^1/3 L^2/3. What is the per-worker production function? Assuming no population growth or technological progress, find the steady-state, capital stock per worker, output per..
Elucidate how and why the unemployment rate fluctuates with the inflation rate as is depicted in the Short-Run Phillips Curve.
Consider two firms, located at each end of a street of length 1. There are customers uniformly distributed along this street. Customers incur transportation costs TC = 2x2, where x is the distance they need to travel in order to purchase the product...
Warning about use of magic/spells (by whom?) Death of Pelias (how?) Death of Glauce (how?) Death of children (how/ by whom?)
Assumes that wheat producers lobby the government for a price floor also receive one.
Describe the evolution of strategic selling. What are the four broad strategic areas in the Strategic Selling Model? How do value-added selling strategies enhance personal selling?
A monopolist faces an inverse market demand P(Q) = 200 − (1/2)Q and a marginal cost of MC(Q) = 20 + Q. What is the unregulated monopolist’s optimal quantity? What would an appropriate regulatory instrument to bring this market back to efficiency? Wha..
On January 1 2015, your savings account will be worth $259,000. Every month thereafter, you make a cash contribution of $767 to the account. If the fund is expected to be worth $410,000 on January 1, 2020 what will the annual interest rate of interes..
Domino Sugar Company is considering buying Fisher Honey Company for $100 million. Based on information obtained from 500 supermarkets around the country, when the price of 1 lb. of Domino Sugar went on sale from $2.00 to $1.50, the average number of ..
A bank has $100 million in excess reserves that it wishes to lend. Through the lend-spend-deposit cycle, by how much could the money supply theoretically expand?
Given the current condition of the US economy, do you think US policy makers would prefer to see the $ rise in value, decline in value or stay at its current value? Discuss the advantages and disadvantages to the US economy at this time of a stronger..
Suppose 1-year T-bills currently yield 7.00% and the future inflation rate is expected to be constant at 4.50% per year. What is the real risk-free rate of return, r*? Disregard any cross-product terms, i.e., if averaging is required, use the arithme..
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