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Question - What is slavery? Explain how and why slavery developed in the American colonies. Why couldn't colonists use indentured servants as they had in the past? How would you describe the differences between slaves and indentured servants?
Microeconomics, Economics
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Question: In 1961, Charles de Gaulle decided he did not want the French franc to be considered as a second-rate currency, so he chopped two zeros off the value of the franc, which meant the exchange rate was approximatel ...
Question: Virtually all purchases of consumer nondurable goods do not involve extended credit terms. Yet that component of GDP exhibits a very marked cyclical pattern, always turning down during recessions. Can these dec ...
Question: Mr. Paul is consuming products X and Y optimally and deriving total utility of 10 utiles. when his budget is increased from K80 to k81, his utility increases from 10 utiles to 10.1 utiles. a) what is the margin ...
Question: Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C = 50 + 4Q + 2Q^2. The associated marginal cost is MC = ...
Question: Suppose the government cuts corporate income taxes, hence boosting I. However, S has declined because the deficit has increased. Explain how the economy returns to equilibrium where I = S on an ex post basis. T ...
Question: If the computer disk manufacturers move to countries with lower labor costs, then they will pay their workers lower wages. If computer disk manufacturers move to these countries, what will happen to the equilib ...
Question: Read the "You Be the Judge" on p. 596 of the text. It is the case of Banta Properties v. Arch Specialty Insurance. Review the facts, and the arguments of each party in the case. Discuss: 1. the main issue(s) in ...
Question: Hedonic Modeling Assume we have two identical houses. Each house is a 3 bedroom, 3 bath, 2000 square feetwhite house on a 1 acre lot and both were built in 1996. The single difference is that house B islocated ...
Question: Suppose the government decided to levy the current 15.3% social security tax on all levels of wages and salaries, not just the first $80,000, and used all the money collected to pay for prescription drug benefi ...
Question: Workers comp is a specific choice by an individual firm. A. Explain and show graphically, with reference to indifference curves and Isoprofit curves, why there has been growth in fringe benefits relative to wag ...
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