Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

problem1

a. What was the Neolithic Revolution?  Give explanation carefully what essential changes caused this "Revolution" and what essential changes in property rights accompanied it. In what fundamental manner did society change? Why was it a compulsory condition for the emergence of complex societies and civilization?  Why is it called the "Great Divide?"

b. What was the role of learning in Neolithic Revolution?  How did this raise specialization and division of labor? Why did it cause the emergence of bondage in various places? What would the alternative to bondage be under conditions that prevailed following Neolithic Revolution?

problem2. What is meant by the "scattering of strips" in the medieval agriculture? Elucidate how this was a response to conditions existing in Europe throughout the middle Ages and what its advantages were under these conditions. (Please give two definitely dissimilar advantages.) What factors would cause this practice to disappear?

problem3. Firms have two sources of economic profit.  First they can be protected from competition, and in return, bureaucrats and politicians are likely to anticipate favors and political support. Second they can innovate introduce latest products, open new markets, and or make quality improvements or cost diminutions, thereby gaining an advantage over rivals. Without protection, the resulting excess profits are likely to be temporary till rivals catch up or leapfrog, but can be renewed via new innovation.

Assume a firm introduces a profitable innovation that lessens production costs. As a result, rival firms suffer wealth losses, and some will finally go out of business, though historically, the old production techniques usually survive for a time before disappearing completely.

Show that society gets a net gain from this innovation, in the sense that the benefits to society of innovation are greater than its costs, even if we don't count the innovator's profits and even if the innovator is capable to exercise some market power after innovating.  Then elucidate why a government might still try to suppress the innovation.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91656

Have any Question? 


Related Questions in Macroeconomics

Assignment implementing the budgetwrite a three to four

Assignment: Implementing the Budget Write a three to four page paper addressing the criteria below. (Note: Change the title of the report to reflect the selected agency's name and the years to 2013-2014.) 1. Find the var ...

The government has placed a 10 per item tax on cat sweaters

The government has placed a $10 per item tax on cat sweaters on the sellers. Below are the price elasticity of demand and the price elasticity of supply.  For each question, tell the dollar amount of the tax the buyer wi ...

Questionassume canada is a small open economy that imports

Question Assume Canada is a small open economy that imports some of the grapes it consumes. a) Draw a diagram showing the equilibrium under free trade in grapes b) Show the effects of a $1 per kg tariff on imported grape ...

Thinking back on what you have learned in this course

Thinking back on what you have learned in this course, identify the single most important economic principle learned and explain why it was more significant than any other principle or concept.

A complex systems such as the climate are characterized by

a.) Complex systems such as the climate are characterized by thresholds and feedback loops. Describe 2 positive feedback loops for global climate change. Describe 2 negative feedback loops for global climate change. b.) ...

Economicsentering a merger and organizational form please

Economics Entering a Merger and Organizational Form" Please respond to the following: • From the scenario for Katrina's Candies, examine the major implications for firms entering into a merger. Explain the criteria the U ...

What is money how has the monetary system solved many

What is money? How has the monetary system solved many problems the economy faced from barter?

1 watch the dr seuss the sneetches and write down an

1. Watch the Dr Seuss The Sneetches and write down an exhaustive list of the macroeconomic concepts that you observe. 2. Explain each concept in simple terms, providing examples of the favorable things that can happen wh ...

Pomptnbspthe inverse market demand for mineral water is p

Prompt: The inverse market demand for mineral water is P = 200 - 10Q,where Q is total market output and P is the market price. Two firms have complete control of the supply of mineral water and both have zero costs. Calc ...

In recent years labor economists have had renewed interest

In recent years, labor economists have had renewed interest in the relationship between the job vacancy rate (open but unfilled job postings) and the unemployment rate.  This relationship is commonly represented by the " ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro