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The US is based on a presidential system comprised of two main political parties with those political parties extending into the legislative branches (but not the judicial branch). The UK is based on a parliamentary system.
Since we discussed at great length last week the US-based electoral system, let's start our discussion here with a discussion of the parliamentary system. What exactly is it, and how does it work? Are political parties formed in this type of system?
Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle. Graph the budget line of the consumer under the assumption that he is offered a buy three, get one free deal at Taco Bell (limit one free tac..
Compare also contrast the four marketplace models in terms of the profit-maximizing.
(a) What is the book cost of the stainless steel pump? (b) What is the opportunity cost of the stainless steel pump?
A business's strategic choices are limited by economic conditions. Using the Kudler Fine Foods Virtual Organization, perform an environmental analysis based on
Research shows that as the wages of married women rise, more of them work and they work more hours per year. However, as the wages of their spouse increase, they reduce their labor force participation rate and hours worked (hint: this is like non-lab..
Suppose that nominal GDP equals $15 trillion, the current budget deficit is $600 billion, and the net public debt/GDP ratio is 80 percent. Given that the government wishes to maintain the net public debt/GDP ratio at 80 percent, explain whether the g..
Which of the following is an example of productive inefficiency?
Assume that insurance is purchased annually and that violations register at the end of the year-just in time to affect next year's insurance premium
According to the Huffington Post on September 19, 2012,“Demand for the new Apple Inc iphone 5 has been incredible,' AT&T Inc Chief Executive Randall Stephenson said on Wednesday." The increase in demand causes equilibrium price to _ and equilibrium q..
Licensing proprietary technology to foreign competitors is the best way to give up a firm's competitive advantage. Discuss whether you agree or disagree with this statement.
Use the sticky wage theory of aggregate supply to explain what will happen to output and the price level in the long run. What role does expected price level play in the adjustment?
if thailand had a job finding rate of 4 and a steady-state natural rate of unemployment of 10 what would the job
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