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After the Romans gained their independence early in their history, what was their view on governmental power?
a. They believed the only way to maintain order was to give absolute power to one man.
b. They believed power should only be held by the commoners in this republic.
c. They believed power should be held by a group of men over the age of 60.
d. They believed that power should be divided between as many men as possible.
The Determinants of Market Interest Rates. An analyst is evaluating securities in a developing nation where the inflation rate is very high. As a result, the analyst has been warned not to ignore the cross product between the real rate and inflation.
Explain how the “incidence” (i.e. “Who pays the tax”) of a per-unit tax on transactions depends upon the slopes of the supply curve and the demand curve. You may utilize graphical analysis to explain your answer as well. What function do private prop..
American rice producers have extremely high production costs, due to some structural problems. Therefore, if not supported by the government, they will not be able to compete with foreign producers. Analyze two supportive policies intended to maintai..
How do SMERF groups complement the business travel market?
Consider the following potential events that might have taken place at Global Conglomerate on December 27, 2012. For each one, indicate which line items in Global's balance sheet would be affected and by how much. Also indicate the change to Global's..
What was the absolute amount of increase in real income? - Make your calculations of the percentage change in real income and the absolute change in real income using the approximation formula and using the more precise method with index numbers.
A sudden crash in the stock market shifts
Two independent loan prospects exist, call them A and B. Both will pay the agreed-upon $12 return (on $100) with probability 3/4. With probability 1/4, on the other hand, they default and pay only $4.00. For an individual saver investing in one or th..
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. What would be the f..
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
Distinguish between the crowding-out effect also the Ricardo-Barro effect. Elucidate how are the two effects related
Why is there a social cost to monopoly power? If the gains to producers from monopoly power could be redistributed to consumers, would the social cost of monopoly power be eliminated? Explain briefly.
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