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1) “But in real-life America, and especially in the America of railroad men and new industrialists, laissez-faire was a dangerous idea” Explain.
2) The giant modern corporation did more than transform business into finance. It displaced classical ideas about American individualism” Explain.
What economic example could be used to demonstrate incentives that were used to "nudge" buyers/sellers
Natasha has been told that if she reduces the thermostat setting on the heating system at her home by 1 degree, she will be able to reduce her present annual energy consumption of 5,000 kWh of energy by 20%. What is the implicit cost of 1 kWh of ener..
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram ( IT is Microeconomic question)
Compute the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.
Why do cotton growers spend billions of dollars to dam rivers and transport water hundreds of miles to grow cotton in California deserts?
Consider again the case analyzed in class with two sectors exhibiting constant returns to scale technology (sector A is capital intensive and sector T is labor intensive). Suppose there is a neutral technological change in sector T only (no technolog..
In a large open economy, what is one of the reasons the demand for loanable funds is downward sloping?
Compute the price of the machine, which will make purchasing or leasing to be equally costly.
q.as a manager of the ponchartrain yard art corporation that youve negotiated with several vendors and are ready to
Describe the goals of the factory owners? Describe the goals of the employees? Describe the problem caused by the scarcity. What is the price of a life.
Explain why calculating GDP using income approach or expenditure approach yield the same for any economy. Use the idea of circular flow to explain how expenditure approach and income approach is shown in the circular flow diagram. What are the two fl..
If the price of apples rises and the quantity of apples exchanged decreases, then we know that there cannot have been a: decrease in supply with no change in demand.
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