Week 1 Homework Problems Chapter 1 18) You rent a car for $29.95. The first 150 miles are free‚ but each mile thereafter costs 15 cents. You drive it 200 miles. What is the marginal cost of driving the car? A) A marginal cost is the additional cost to you over and above the costs you have already incurred. Hence here the marginal cost is $7.50 26) State whether the following are microeconomic or macroeconomic policy issues: a. Should U.S. interest rate be lowered to decrease the amount
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DBQ Essay In the 1600’s‚ the New England colony devolved very rapidly. The political‚ economic‚ and social development of the colonies was highly influenced by the Puritans‚ who helped find most of the colonies in the region after emigrating there from England. The Puritans strict values and ideas helped shape the colonies greatly in several ways. They believed in a representative government which later on became an essential part of the United States’ government. Economically‚ the idea of fair
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The Economic Development of Ghana Ghana is an African country located on the western side of Africa. Its neighbors are Burkina Faso to the north‚ Togo to the east‚ the Atlantic Ocean to the south‚ and Cote D’Ivoire to the west. It has a population of 18‚100‚ 703 and a population density of 197 people per square mile. Ghana is 92‚098 square miles and English is its official language. The capital city of Accra has around 1‚ 673‚000 people residing in it. There are the physical statistics‚ now onto
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Global development is entering a phase where entrepreneurship will increasingly play a more important role. There are at least three reasons for this‚ each particular to certain types of countries. Firstly‚ in the West‚ the managed economy of the 1970s-2000s‚ characterized by reliance on big business and mass production‚ has given way to a so-called entrepreneurial economy. Here knowledge-driven goods and services are now more flexibly provided by smaller firms‚ and the emergence of a creative class
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"Developments in transportation‚ rather than in manufacturing and agriculture‚ sparked American economic growth in the first half of the nineteenth century." is not accurate. While development in transportation played a fundamental role in America’s growth‚ if it were not for developments in manufacturing and agriculture the new technology in transportation could not have successfully been completed. Without the raw materials‚ and the products which came out of the early US iron and steel industry
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Even though the colonists were breaking British law‚ the colonists had a right to rebel for they were unfairly taxed without representation and subjected to a king over 3000 miles away. Some people still on both the colonials and the British crown were attempting to avoid a full scale war even after they had begun fighting‚ like in the Battle of Bunker Hill. Most of the colonists did not want war because these were the people that they had been living with‚ and protected by the British for over 150
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English Ms.Montalvo-Arroyo January 28‚2013 Academic Plan: Protocol Third Quarter I will make a change in this third quarter. I have made my decision to prepare myself as well as to achieve my purpose. I feel really confident about this upcoming quarter because of my past improvements. My main achievement was in my final grade in these last two quarters; since in my first quarter I receive a C‚ however‚ in my second quarter I went up to a B in addition to my semester grade which was a B as well.
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ENVIRONMENTAL PLANNING Social and Economic Development towards Sustainability in Tondo‚ Manila I. Abstract Every day‚ people suffer from hunger‚ poverty‚ and pollution as a result of a low economic standard of a locale. It is caused by either the misleading of the government or the community or society itself‚ their lack of obedience to higher authority. The main problem in this locality involves the social‚ environmental‚ and political aspects within. For this reason‚ the community within
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ECONOMIC GOALS: Five conditions of the mixed economy‚ including full employment‚ stability‚ economic growth‚ efficiency‚ and equity‚ that are generally desired by society and pursued by governments through economic policies. The five goals are typically divided into the three that are most important for macroeconomics (the macroeconomic goals of full employment‚ stability and economic growth) and the two that are most important for microeconomics (the microeconomic goals of efficiency and equity)
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Europeans didn’t suddenly start exploring just because they could; there were many motives that led to European exploration and expansion in the 15th and 16th centuries. They made people confront the dangerous journey to the new colonies‚ a journey which killed about one half of the people who tried it. People were led by strong motives‚ and even if not all were exactly quite as important to European expansion‚ all of them played a part in it. Taking in mind the medieval attitudes of people at the
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