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What is the Weber Thesis? Does the Weber Thesis receive empirical support? What methodological issues are inherent in attempting to test the Weber Thesis, or any culture-based argument?
Merton talks about conformity being a socially acceptable means to attain our goals. Is this always the case? Is there a place where conformity does not work? How about people who don't conform to views in our society?
Ref Adam Smith Wealth of Nations. first 3 chapters. How can I make SMITH'S concepts of exchange, self interest and divided labour apply to my college education?
What is the difference between GDP & GNP?
A real estate developer is planning to build an office complex. Currently, there are three office sizes under consideration: small, medium, and large. Small offices can be rented for $600 per month, medium offices can be rented for $750 per month, an..
Accounting for trade in goods and services Suppose the following transactions occur during the current year: A U.S. company sells 200 transistors to a Spanish company at $15.00 per transistor. Sam, a U.S. citizen, pays $1,500 for a laptop he orders f..
Two firms both have the same constant marginal cost of $20 ≥ 0 and zero fixed cost; market price P = 140 − 2(q1 + q2). Both firms choose outputs to compete. Find the subgame perfect equilibrium outcome of the Stackelberg Duopoly game with Firm 1 movi..
Suppose the own price elasticity of market demand for retail gasoline is -0.5, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,550,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Pizza Hut is contemplating introducing breakfast pizzas in order to tap into a new market and increase its penetration of pizza in its current markets. The breakfast pizza would consist of sausage, eggs, bacon, and other familiar and traditional brea..
What is the conflict trap and why is it relevant for economic development?
An investment has an expected return of 12 percent per year with a standard deviation of 24 percent. Assuming that the returns on this investment are at least roughly normally distributed, how frequently do you expect to earn between -13 percent and ..
"The ad regulator has banned a Peugeot ad that showed a man reading a text while driving, which it says is in breach of the Highway Code."
Most economists believe that real economic variables and nominal economic variables behave independently of each other in the long run. For example, an increase in the money supply, a-------------- variable, will cause the price level, a-----------..
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