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After reading "The general equality [or] Monsieur Tocqueville," Chapter in the Reader and your Textbook, answer the following question: What did Tocqueville mean when he wrote that "freedom of opinion does not exist in America"? How “democratic” was the United States during the 1830s? Who was included in the political process and who was not? Be sure to support your answer with facts---not opinions and provide citations for everything.
MICRO: Consumer Theory: Against the background of an increase in the tax rate imposed on wage income, explain how the concepts of income and substitution effects may be used to analyse the labour supply response of an: Individual who is already worki..
If we want to look at changes in the cost of living, why don't we track differences in each households actual expenditures from one year to the next, rather than a market basket? Offer several reasons why this method would fail to capture changes in ..
Suppose government, attempting to prevent layoffs in import-competing industries, enacts trade restrictions. Explain why this action will make society worse off.
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted?
If people in Pantherville hold all money as currency, what is the quantity of money - what is the quantity of money?
Estimate how companies need to bridge the gap between the current state and the e-business state.
Suppose that a jewelry store found that when it increased prices by 10 percent, sales revenue increased by 3 percent. Which of the following is true about the price elasticity of demand for the store's goods?
Assume that that students and nonstudents have revealed their group demands for junior college education, a public good, as follows: Q = 1,500 – 0.25P, (Student demand) Q = 4,000 – P, (Nonstudent demand) where Q is the number of students educated per..
Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level.
What are the three generic strategies, according to Porter and as stated in Dess (2012)? What is the strategy of your chosen company?
The corresponding cash flow diagram for the first two 6-year cycles is shown below. Fill in the missing amplitudes of all cash flows. Then compute the equivalent annual cost (in each cycle) of the maintenance and resurfacing costs (ignore the ini..
Briefly explain how Airbus and Boeing develop their 20-year forecasts. Note the factors that influence projected air travel growth; some factors affect the demand curves while others influence supply. Be certain to distinguish between the two. Provid..
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