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Select 5-innovations associated with Industrial Revolution and five innovations from Technological Revolution. For each innovation, recognize the effects it had on individuals, societies, businesses, and politics.
Microeconomics, Economics
Question: In no-fault insurance, anyone involved in an accident is compensated for losses, regardless of who actually caused it. What do you expect will happen to the volume of auto accidents if no-fault insurance replac ...
Question: A largely studied portion of The Republic deals with Plato's cave allegory. The story goes something like this: You, as a person, find yourself within a cave, chained to the ground, facing a stone wall. You can ...
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Question: What is the present value of an investment that could make 10% per year interest over 5 years, and would be worth $59,000 after 5 years? The response must be typed, single spaced, must be in times new roman fon ...
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Question: Explain why the fish left behind are a type of investment. Some opponents of property rights in fish have argued against ownership because the fish already belong to "everyone." Try to define what (if anything) ...
Question: Wendy's serves its hamburgers "fresh off the grill" This ensures high quality but creates leftover burgers if the staff overestimates the demand. Wendy's solves this problem by using the meat in chili, tacos, a ...
Consider a competitive market for apples. Demand is given by the relation: Qd = 100 - 6P, whereas supply is given by the relation Qs = 50 + 4P. Evaluate the free market by finding the equilibrium price and quantity. Eval ...
Question: What is the maximum amount you would pay for an asset that generates an income of $10,000 at the end of each of the three years of the opportunity cost of using funds is 3.5 percent? The response must be typed, ...
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