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Why did China not improve its non-agricultural technology in the period 1680-1800? Agricultural technology was already at high level, and it continued to improve during this period, permitting living standards at least to be maintained despite the large increase in population. But there was little progress in non-agricultural technology and China did not seem to be on the verge of an Industrial Revolution. You have read two articles by Pomeranz (Without Coal...) and Landes (JEP 2006). Drawing on these two articles, explain in your own words what you think are the most compelling causes of China's technological stagnation at a time when Europe was progressing rapidly.
One popular voting scheme is rank order voting, where persons assign a rank (1,2,3) to the possible options; the assigned ranks are then added up and alternative with lowest sum wins.
Why are these goals in conflict with each other? What is the relevance of the price elasticity of demand in determining which of the goals is likely to be most fully met? Why do you think excise taxes on gasoline, tobacco, and alcohol are common?
A software package created by Navarro & Associates can be usedfor analyzing and designing three-sided guyed towers and three- andfour-sided self-supporting towers. A single-user licence willcost 546 per year.
Suppose, instead of a constant velocity money demand function, the velocity of money in this economy was growing steadily because of financial innovation. How would that affect the inflation rate Explain
Suppose you just got the results for your economics midterm: you scored 90 points. You also learned that the class grades were distributed normally, the average was 75 points, and the top ten percentile cutoff was 95 points.
Illustrate what is the price elasticity of demand of a representative gasoline retailer's product.
Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology? Should they do so in industries with variable technology?
Explain how the distinction between expected and unexpected inflation is important to the distributional effects of inflation.
As the spokesperson for the Environmental Protection Agency, how would you explain the economic reasons for these actions to angry customers of this company who were forced to pay more for the chemicals as a result of this government action.
Consider two countries, Canada and China. Canada has comparative advantage in oil production, and China in shoes production. Suppose China grows biased to oil production.
hannah and her employer both expected inflation to be 3% between 2010 and 2011, so they agreed in a two year contract $12.00 an hour in 2010 and $12.36 per hour in 2011. However suppose inflation between 2010 and 2011 was only 2% not 3%.
tuition is s= 60,000; he can earn w= $10K as a part-time waiter in college; the interest rate is r= 10%; and he anticipates earning w= $144K after he graduates. If, instead, he does not enroll in college, then he will earn wn= $45K per annum duri..
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