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One of the reasons Joseph Schumpeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk-taking entrepreneurship in favor of low-risk managerial strategies.Has this happened? Have major corporations been unwilling to adapt to the times and meet competition head on? Are corporate executives better described as risk-averse managers than entrepreneurs willing to take a chance?
In the neoclassical growth theory
You are an efficiency expert hired by a manufacturing firm that uses capital and labor as inputs. The firm produces and sells a given output and is currently employing 50 workers and 10 machines. During the consulting process, you find out that for t..
Suppose Country A is a small open economy that takes world prices as given. What would be the effect on wages and rents in A if it were to experience an inflow of foreign capital? Use a diagram AND a table to convey your answer. Which groups would fa..
Other things remain the same, what would be the short-run effect of a permanent increase in the Japan’s money supply on the Yen/Dollar (¥/$) exchange rate? What is the impact on the Yen/Dollar (¥/$) exchange rate if real GNP in Japan, due to the stim..
First Amendment - Freedom of Speech Part of the First Amendment to the Constitution of the United States says that Congress shall make no laws abridging the freedom of speech. However, there are laws that prohibit the use of certain offensive languag..
Profit maximization using total cost and total revenue curves Suppose Dmitri runs a small business that manufactures frying pans. Assume that the market for frying pans is a competitive market, and the market price is $20 per frying pan. The followin..
does barney have an absolute advantage in any activity. Illustrate what is Barneys relative opportinuty cost of writing one additional speeding citation.
Assume an open, mixed economy (C+I+G+X=real GDP) and an MPS of .2 What is the multiplier? if the government spending (G) increases by $50B, how much will the real GDP increase? If taxes also increase by $50B, consumption (C) will fall by how much?
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
Graphically and mathematically illustrate how, in a two period model of a nonrenewable resource, economic efficiency in the presence of a positive rate of discount implies increased consumption today and higher prices and lower consumption tomorrow t..
Peggy's Peaches has developed a new product, the Bruise less Peach, which always stays peachy fresh. Peggy's paid 85,000 to a marketing firm to survey the bruise less peach market. The potential sales were estimated at $250,000 per year.
The main difference between neorealists and classical realists is that:
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