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1. List five inventions during the Greek Empire. List five inventions during the Roman Empire.
2. What is meant by technological stagnation in the Greek and Roman Empires? How could "an Overdose of Slavery" be the cause? List two flaws of the slavery explanation. Provide and alternative explanations.
3. Explain the developments at the end of the Roman Empire that lead to the rise of the manorial system. What measures did Emporor Diocleatian (284-305) attempt to alleviate the empire's fiscal woes? What measures were attempted by his successors, notably Constantine (306-337) and Theodosius I (379-395)?
Monetary policy by the US Federal Reserve is important for the US economy. However,economists disagree about several aspects of Federal Reserve decision-making powers including the composition of the Federal Reserve committees, Federal Reserve goa..
Elucidate the relationship among the ratio of marginal utility and the price of each good consumed in consumer equilibrium.
Some people complain about the decline of the small family farms and its replacement with the huge corporate mega-farm. Discuss the following points with regard to this issue?
In the late 1960s, Milton Friedman and Edmund Phelps argued that there was not a structural relationship between inflation and unemployment rates. In particular, the trade off could only exist in the short -run.
1. nbspbriefly define the following termsa.nbspnbspnbsp net borrowerb.nbspnbspnbsp currency appreciationanswer the
Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession.
1) If Max receives an unemployment check, would you include that transfer payment from the government in this year's GDP? Why or why not?
What is a mixed economic system that includes some government protections, provisions, and regulations to adjust the free enterprise system
Even at these extreme prices, however, the station owner sold an average of 3,000 gallons per week, half of this at night. Despite catcalls, pickets, and even vandalism from angry motorists during the gasoline crisis, the owner "stuck by his pumps..
An emissions fee is paid to the government, whereas an injurer, who issued and held liable, pays damages directly to the party harmed by an externality. What differences in the behavior of victims might you expect to arise under these two arrangem..
Elucidate two reasons a single minimum salary might distort the labor market for teenage workers more than it would the market for adult workers.
Use an economic argument to explain why, in your example in part a, it might be profit maximising for the firm to use both mechanisms rather than just using one mechanism?
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