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1. How were slaves involved in the New England economy in the 17th and 18th centuries?
2. Biotech is just one of several up and coming industries in Massachusetts. Give some reasons that Biotech has clustered here and what are some other industries that are growing here?
3. Richard Doherty said, when the Governor goes overseas or to other states to tell of the benefits of companies investing in Massachusetts Higher Education helps "sell" the State. Why does this work Internationally? Why does it work domestically? (PPT attached)
4. Give your reasoning of what do you think was the most important industry in the Massachusetts economy UP TO 1900? Think long-lasting impact. There are a few acceptable answers.
5. Small business is a key ingredient in the Massachusetts economy. Give some reasons for this and why small business creation is so high here.
Assume that economy starts at equilibrium and the mpc = 0.75. Find the effect of a $300 increase in government spending once all the rounds of multiplier process are complete?
decisions how indusrtry make important decision with so much economical unrest.
Elucidate what happens to the price of shoes and the quantity of shoes consumed after a total ban on imports.
Graphically illustrate short-run supply. Also include on your graph the long-run aggregate supply curve. At what point must the short-run aggregate supply curve and the long-run aggregate supply curve intersect.
Why is it not surprising to find that in an oligopoly which sells a basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Is this type of bonus structure in the interest of the company? Use theoretical and graphical insights from chapter five of the textbook to explain your reasoning.
The effects on the development also diffusion of computer technology in the 1970s and 1980s on the U.S. economy in the late 1990s to the present.
Determine the four stages of the Business Cycle and compare and Contrast five internal and external Business Cycle theories.
Suppose that, other things remaining unchanged, the price of X falls to $1. What quantities of X and Y will you now purchase.
A company produces two main products: electronic control device3s and specialty microchips. The average total cost of producing a microchip is $300; the firm sells the chips to other high-tech manufacturers for $550. Should the company produce con..
Describe why a reduce in aggregate demand results in a lower level of employment, given a fixed aggregate supply.
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