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The reputations of some of the world's most prestigious museums have been damaged by accusations that they obtained antiquities that were looted or stolen in violation of international laws and treaties aimed at halting illicit trade in art and antiquities (Ron Stodghill, "Do You Know Where That Art Has Been?" New York Times, March 18, 2007). A new wariness among private and public collectors to buy works whose provenance has not been rigorously established jeopardizes the business of even the most established dealers. Conversely, this fear has increased the value of antiquities that have a solid ownership history. The Aboutaam brothers, who are among the world's most powerful dealers of antiquities, back an international ban on trade in excavated antiquities. As Hicham Aboutaam said, "The more questionable works entering the antiquities market, the less their value and the larger the dark cloud that hangs over the field. That affects prices negatively. I think we could put an end to the new supply, and work comfortably with what we have."
a. What would be the effect of the ban on the current stock of antiquities for sale in the United States and Europe?
b. Would such a ban differentially affect established dealers and new dealers?
c. Why would established dealers back such a ban?
d. Discuss the implications of a ban using the concept of an economic rent.
The first operating expense was in July 2005, and the first replacement expense is in July 2009. If all money earns interest at 5% after the time of endowment, what amount would be available for capital replacements at the end of every fifth year ..
Which of these two components has been more volatile? How do recent quarterly percentage changes compare with the previous years' changes? Looking at the investment data, what investment forecast would you make for the upcoming year?
Snow geese feeding trial. Refer to the Journal of Applied Ecology study of the feeding habits of baby snow geese, Exercise 4.10 (p. 186).
To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. The number of defectives in each sample is listed below. a. Calculate the proportion defective in each sample. and b. Calculate the plot p-ba..
Laura desired to make a multiple regression model based on advertising expenditures and coffee times price index. Based on her selection of all normal values she obtained the following:
A random variable X is defined to be the larger of the two values when two dice are thrown, or the value if the values are the same. Find the probability distribution for X.
How can you support your position?Please answer the following question by integrating research, examples and opinion. Your answer should be no less than 300 words in length.Proper citation, referencing and material integration is required.
What is a normal profit? What is an economic profit? Explain your answer using examples. Are normal profits being earned in this example? Are economic profits present for this firm in this example? Explain your answers.
Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable..
if a consumer has indifference curves that are convex to the origin but have a kink in them (similar to the perfect complements example, except the angle at the kink is greater than 90 degrees) how can we determine the optimal bundle
In a population Y=100 and Y=43. Use the central limit theorem to answer the following questions a. In a random sample of size n=100, find P(Y or = 98).
In his current job, Smith can work as many hours per day as he chooses, and he will be paid $1/hr for the first 8 hours he works, $2.50/hr for each hour over 8. Faced with this payment schedule, Smith chooses to work 12 hr/day.
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