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All stratified societies have groups of individuals that do not produce, but still receive a ‘cut' of the social surplus. How does Diamond (in his book) argue that these ‘privileged' individuals manage to convince productive members of society to give them some of their surplus?
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
Looking to raise profitability in perfectly competitive marketplace. How to efficiently plan production?
Assume the population over age 16 is 160 million, number of discouraged employees is 10 ml, the labor force is 110 ml and the total employment is 90 ml.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
Describe what degree of concentration it exhibits. Would it be considered an oligopoly.
Prepare a demand schedule for both demand curves and prepare them on an Excel graph. Calculate the marginal revenue for each.
Suppose the commodity market and the money market for an economy are described throughfollowing IS and LM curve.
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's.
Answer whether the following statements are true or false, explaining your answer in each case.
Illustrtae what is the profit-maximizing level of price and quantity for this monopolist.
Illustrate what does empirical evidence on the U.S. experience with the Earned Income Tax Credit predict will be the effect of the new policy.
Determine which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution?
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