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1. What is the name given to the initial shift from an authoritarian to a democratic regime?
Deauthoritarianization
Democratic transition
Democratic consolidation
Democrifying
2) What is the name given to the increasing strength and stability of a democratic regime after a democratic transition?
3) Which would not likely be found in a consolidated democracy?
Revolt by losing party
Free contesting of ideas
Frequent change in government
Stable regime
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm’s equilibrium quantity is 50. EXPLAIN what happens in the short-run if custo..
Which of the following is not a reason monopolies exist?
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Define cost when used in cost analysis. Make sure you discuss the concept of opportunity cost.
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Katherine Lim purchased a condominium for $50, 000 in 1987. Her down payment was $20, 000. She financed the remaining amount as a $30, 000, 30-year mortgage at 7%, compounded monthly. Her monthly payments are $200. It is now 2007 (20 years later) and..
Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again, was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. Contrary to China and India, however, Japan had higher prices than the United States: the price level in Japan (conver..
(The Long-Run Industry Supply Curve) A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium
The issues that you have been asked to report are if the labour market is working properly why does Australia experience simultaneous periods of unemployment and job vacancies?
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