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1. (The Evolution of the Firm) Get a library copy of The Wealth and Poverty of Nations, by David Landes, and read pages 207-210. How would you interpret Landes's story about mechanization using the ideas developed in this chapter? 2. (Wall Street Journal) The household is the most important decision-making unit in our economy. Look through the rotating columns (e.g.,"Work and Family" and "Personal Technology") in the Wall Street Journal this week. Find a description of some technological change that might affect household production. Explain how production would be affected.
Legal definition and regulations by the U.S. Bureau of the Census require properties of 500 rooms or more to be called Hotels; those of 50 rooms or less to be called Motels; and those in between to be called Motor Inns or Motor Hotels.
What is the gross demand for consumption by a ICIW tribe member for pineapples in period 1? In period 2? For a GHN tribe member in period 1? In period 2?
What is a random sample? Give one example of economic question that you would like to investigate. Then answer the question what kind of data would you need to help you to answer your question?
Begin by explaining fiscal policy.
1. employee benefits have become more and more an important part of employee compensation. according to the text
Calculate the price of each fruits in each year.
Presume the government imposes a tariff on all imports. Use the DD-AA models to analyze the effects this measure would have on the economy. Analyze both temporary and permanent tariffs.
What role should government play in controlling increases in the cost of care and the cost of health coverage What different choices do state and federal policymakers have in containing costs
What happened to output in 2001? How do you reconcile the fact that both fiscal and monetary policies were expan- sionary with the fact that growth was so low in 2002?
1 under a strict command and control framework suppose abatement standards are set equally across polluters. assume the
mikes utility for consumption and leisure is ucl c times l so that his marginal rate of substitution between leisure
What are the three basic functions of money - Describe how rapid inflation can undermine money's ability to perform each of the three functions.
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