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According to Milton Friedman, "Business has only one social responsibility-to make profits (as long as it stays within the legal and moral rules of the game establised by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible."
Explain how the following events would affect the demand for labor. A new education program administered by the company increases labor's marginal product.
The financing of a government deficit increases interest rates also, as a result, reduces investment expenditure.
You decide in May that the coming summer's corn crop will be much larger and the fall corn price consequently much lower than most people expect. To act on your beliefs, should you buy or should you sell December con futures?
illustrate what do you think will characterize the goods which the EU exports to the United States also the goods which the United States exports to the EU.
Determine the income elasticity of demand, and state whether good X is a normal or inferior good. d. Determine the own advertising elasticity of demand.
A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find out that consumers won't buy it because they don't like the taste. From an economic prespective, the company should?
what will be price of wheat, how much total wheat will be demanded and how many wheat farms will there be.
What are external costs associated with cellular phone usage in automobiles. external benefits. What is difference between private and social costs. What distinguishes public goods from private goods.
Illustrate what is the marginal income product of hiring one low-skilled worker to clear woodland for one month.
Illustrate what sets the 1st generation marginal lists apart from their second generation marginal list
What ways can you think of,grounded in the political economy of trade policy, by which preferences could pave the way toward world trade liberalization? How could they retard it?
When the Federal Reserve utilizes open-marketplace operations to raise the Federal funds rate several times over a yr.
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