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Google Books has a new feature that allows users to search for the historical use of specific words within the publications that have been digitalized. In the picture below I plot the employment of the terms Economics and Political Economy since the 18th century. Note how Economics begins to grow significantly after the 1870s.Explain the difference between Economics and Political Economy. In your answer you should employ Thomas Khun's notion of scientific paradigms and you should also identify what relevant scientific event took place during the 1870s in Europe.
The publisher must spend $1 million advertising the new book. It is now ready to print the book. For practical purposes, as many books as they like can be printed. In deciding how many copies to run.
Explain why do think the European Union countries decide to have a single central bank and a single currency, instead of just agreeing to maintain fixed exchange rates among their currencies.
Most systems of medical insurance substantially lower the out-of-pocket costs consumers have to pay for additional units of physician services and hospitalization. Some reduce these costs to zero.
What happens in the long run when the patent expires and otherfirms are free to use the technology?
Mike suffered some injuries during the robbery and filed suit against Produce Market for not maintaining a secure environment for its customers. In an out-of-court settlement
Explain who are the winners, who are the loosers, we can better evaluate the net impact, if any, on the overall economy.
At some universities and colleges, economics professors earn hugh salaries than professors in some other fields.
In the late 1960s, Milton Friedman and Edmund Phelps argued that there was not a structural relationship between inflation and unemployment rates. In particular, the trade off could only exist in the short -run.
A) explain hospital behavior in which the hospital administrators are maximizing their own utility functions by competing on the basis of quality B) explain the contrasting situation in which the doctors on the medical staff
For each of the determinants of demands, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinant of supply. In each instance.
A survey show an increase in drug use by young people. In the ensuing debate, two hypotheses are proposed: Reduced police efforts have increased the availability of drugs on the street. Cutbacks in educationefforts have decreased awareness of the dan..
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
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