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Many of these concepts may be new to you as students. The homework will mostly be definitions or short answer to help you understand the topics.
Define the following terms:
Keynesian Economics
Classical Economics
Explain Block's rationale of why employment is so important.
Explain briefly Reisman's explanation of how socialism is the system for the exploitation of labor. Do you agree or disagree with this and why?
llustrate the black market for lnternet access, comprising the implicit supply schedule.
According to Milton Friedman and Anna Schwartz, what was the Federal Reserve’s crime of commission that occurred in the Summer/Fall of 1931 that had a devastating effect on the course of the Great Depression?
In an unregulated market for healthcare, there is. For health care, the perceived marginal benefit ________ the marginal social benefit.
Describe the variations of Republican culture as it developed in the North and South – how was republicanism rationalized to defend slavery and the subordination of women – were women subordinated in Republican theory?
Suppose the quote on pounds is $1.9721-35/£. If you converted $10,000 to pounds and then back to dollars, how many dollars would you end up with? The direct quote for Euro in U.S is $1.1005-$1.1008/e and for Swiss Franc is $1.0104-$1.0108/SFr. What i..
The economy is starting from a point of disequilibrium as there is a recessionary gap. Potential GDP is $600 billion and the recessionary gap is $50 billion. An economic shock then hits this economy and there is a sudden drop in the value of the Cana..
Suppose the current price of gasoline at the pump is $4 per gallon and that one million gallons are sold per month in Texas. A local politician proposes to add a 10-cent tax to the price of a gallon of gasoline, and she claims that the tax will gener..
Suppose a country has a population of 61 million, of which 37 million are in the working-age population. Of those, 11 million are not in the labor force and 23 million are employed. The labor-force participation rate is
Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, what is the value of government securities the Fed must purchase if it wants to increase the money supply by $2 million?
Chris’s Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $390 million. The income statement shows that net income is $365 million and depreciation expense is $49 million. Calculate the end-of-year balance for..
Mac has bequeathed his spaceship Serenity to his second in command, Zoe, upon his death. Zoe knows that Mac's weekly hairbreadth escapes from mortal danger cannot continue forever, and she estimates he has six years to live. Given that Serenity is no..
All brand differentiation strategies are meaningful and worthwhile. Which of the following statements is true about positioning strategies?
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