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In the early 1900's a US political group called the Socialist Party was founded. In 1912, the Socialist Party political platform called for, among other things:
"The extension of the public domain to include mines, quarries, oil wells, forests and water power.”
As it happened, the political party had only limited success, with its Presidential candidates getting just 6 percent of the electoral vote. Judging the party by this policy alone, do you think the Socialist Party would have managed to fulfill one of its other platforms, which was increasing the prosperity of America? Explain.
Evaluate each of the supply and demand scenarios below by answering the following questions: •How will each affect equilibrium price and equilibrium quantity in a competitive market? •Will price and quantity rise, fall, or be unchanged?
The manager of a local movie theater believes that demand for a film depends on when the movie is shown. Early moviegoers who go to films before 5 pm are more sensitive to price than are evening moviegoers. Write down the aggregate demand function an..
part a1. economics is the study of the principles governing the allocation of scarce means among competing ends when
q. an independent trucker has the following options. if he buys expensive machinery then he can hire fewer drivers to
Suppose your firm produces according to a function in which capital and labor are perfect compliments. The wage rate is currently $120 per day and the daily capital cost is $100. If the wage rate falls to $100, does the substitution effect dominate t..
Identify and briefly explain in your own words three specific macroeconomic topics or ideas that you found to be the most important and/or most interesting. Be specific, and explain.
1.this question is about the theory of money demand.aconsider two financial assets a and b which could be quite
Illustrate what are some criteria which Rollerblade should use to select countries to enter also. Illustrate what three or four countries meet these criteria best also are the most likely consolidates.
For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at which
Stan Money maker needs 16 gallons of gas to top off his tank. I he drives an extra 8 mile round trip Stan can save an extra $0.05 a gallon. Suppose gas costs $3.10 per gallon and Stan gets 24mpg. Each mile driven gives off CO2 that has an environment..
Assume the demand for a good is price inelastic, i.e., ed
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
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