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What is the difference between labor and labor-power? Since productivity is a quality of useful labor, one might not expect it to play a great role in capitalism. But it does. Why?
Suppose that most of the city's consumption of a good is supplied by production within the city, and that most local production is sold to local consumers. We can conclude that this city is a geographic antitrust market for the good in question.
Which of the following factors would most likely explain why a U.S. company would choose to operate in the U.S. despite much lower wages in Mexico.If a monopolist is earning profits, then price is greater than average total cost.
problem 1.a. use the spreadsheet to compute the net present value of the following series of cash flows assuming a
Had you known before you received your Britney ticket yesterday that Pink Floyd would be coming, you definitely would have bought a ticket to see them, not her.
1. suppose that the u.s and japan are two ricardian economies. both countries can produce only two goods automobiles
Find an appropriate article on the Internet
Suppose that the Fed buys $10 million of bond from the First National Bank. (a) Use T-accounts to show how this operation affects the balance sheets of the Fed and of the First National Bank. What happens to reserves and monetary base right after the..
regarding the four attributes of perfect competition (many small firms, freedom of entry, standardized product, and perfect information): a) which is primarily responsible for the fact that the demand curve of a perfectly competitive firm is horiz..
What price should the firm charge if it wants to maximize its profits in the short run?
You can choose a business or industry in which you are employed or a family member is employed or just an industry in which you are interested. Which type of market does this business or industry compete in?
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
The goal of studying and recording the unemployment rate is to learn something about the state of the economy. Explain why each of the following makes the unemployment rate a better or worse indicator of how healthy the economy is.
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