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Explain Schumpeter's theory of the business cycle and his prediction that capitalism will eventually be replaced by socialism.
Explain the goals and motives behind the Utopian Socialist School. How did their vision differ from Marx's vision of the trajectory of society?
Explain North's concepts of "institutions" and "organizations". How does each play a role in economic change?
Explain the major departure of the departure of the Marginalist School from the Classical Political Economists. How did it change the focus of economics and leave no room for political economy at the time?
Explain Veblen's theory of the leisure class. Explain why the leisure class is not overthrown and how conspicuous consumption plays a role in Veblen's theory.
Trade liberalization leads to a "race to the bottom" in environmental standards. Make the argument and counter-argument, present the following data;
Illustrate what direction wills each of the subsequent occurrences shift the consumption also saving schedules, other things equal.
If David and Ellen live in rent-controlled apartments, Illustrate what is the equilibrium cost for the non-rent-controlled apartments.
Which nation has comparative advantage in wheat production? In cotton production. Which nation has absolute advantage in wheat production.
Illustrate what is the relationship among a firm's total income, profit also total cost?
Set all variables to their baseline values. Elucidate how much money do consumers want to spend on spaghetti when the price.
What is the optimal transfer price for the basic plastic item . At what price should the marketing division sell its product.
Calculate deadweight loss if U.S. imposes a tariff of 25 cents per bottle of imported wine.
Why would equilibrium cost of SUVs such as Ford Explorers and Chevy Trailblazers be lower than equilibrium cost of subcompacts.
Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.
What can be said about the estimated slope coefficient for a regression of Y on X, versus the estimated slope coefficient for a regression of X on Y.
the area of the coil is perpendicular to the magnetic field lines, what is the resulting average emf induced in the coil? Any help is appreciated!
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