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Microeconomics, Economics
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Question: In 1998, Brazil had a per capita GDP of about $4,500, compared to per capita GDP of about $28,000 in the US. (A) If per capita growth were to average 2% per year indefinitely in the US and 5% per year in Brazil ...
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Question: 1. Why dose Marx begin Capital with commodity? 2. What is abstract labor? Is it a substance?Is it inherent in individual use values? How should we understand abstract labor? 3. What is the distinction Marx make ...
Question: At the WTO Ministerial Conference held in Seattle in December of 1999, protesters campaigning for many causes took to the streets and eventually faced tear gas and rubber bullets from the police. Read the WTO P ...
Question: Read the WSJ article on the attempted monopolization of the plastic clothes hanger market in this week's notes. Why does monopolization have the potential to increase prices and profitability significantly in t ...
The Bureau of Labor Statistics (BLS), Department of Labor, publishes monthly Employment Situation reports. Read the most recent report and discuss what is happening to labor force, employment, and unemployment. Include ...
Question: Consider the following parameters that describe an economy: C = 50 + 0.8YD I = 70 G = 200 TR = 100 t = 0.2 a. Calculate the equilibrium level of income and the multiplier in this model. b. Calculate the budget ...
Question: Advertising can inform buyers, but sellers must incur costs to advertise. If so, advertising can result in higher prices to consumers. Does this mean advertising is economically inefficient? If not, explain how ...
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