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1. Explain how the Electoral College works, the situations in which it has produced controversial results, and the criticisms leveled against it.
2. Describe the different functions of political parties in our system. Contrast the two major parties in the US today - you should go to their respective websites to get this information.
3. Explain the direct and indirect techniques used by interest groups.
What would happen to each of the following economic varibles if the government increased the money supply by 20% per year: M1, interest rates, inflation and wages What impact does increasing or decreasing the printing of money have on the economy ..
The federal government cuts spending on the purchase of new goods and services by $35 billion at a time when households are not spending 40% of additional income they receive.
The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic. what will happen to the second firms marginal revenue curve and to its profit-maximizing price. competes with a second firm which had been a mon..
negligence in health care is another important legal issue that health care professionals frequently encounter.
create a 2 page analysis by answering the questions below. be sure to cite your references using apa format. assume
A market has the following characteristics: there are many firms, few barriers to entry, each firm acts independently with differentiated products, and no possible long-run economic profit. The difference between a perfectly competitive firm and a ..
for each of the following explain whether it shifts the short-run aggregate supply curve the long-run aggregate supply
discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue
Currently, it is difficult to sue the federal goverment unless it agrees to be sued. If the law were changed so that lawsuits (such as by victims of the collapse of the I-35W bridge) were easier, how would this change the incentives.
describe the concept of investment spending, as wellas what will happen to the aggregate demand curve if investment spending is increased autonomously and provide an example ofspending that a macroeconomist would consider "investmentspending."
In imperfect competition, labour markets can lead to worker exploitation in terms of their wage rates they receive compared with wage rates in perfect competition. Discuss this opinion.
Which industry is more highly concentrated: one with a Herfindahl index of 900 or one with a four-firm concentration ratio of 78 percent?Assume that each of the remaining firms controls 1% of the market. How would you describe its market structure?
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