Which of the following are not assumptions of classical economic theory? a. Flexible interest rates allow self-correcting equilibrium of savings and investing. b. Flexible prices allow self-correcting of shortages and surpluses in product markets. c. Full employment is not necessarily…
How to examine the ontological, axiological, epistemological, and methodological tenets or assumptions of critical theory and feminist epistemology.
Describe in detail the three (3) major assumptions of the Conflict Theory. In light of these assumptions, how do conflict theorists view stratification based upon social class in society. Include in your discussion two specific examples to support the conflict…
Important information about Indifferent between the two contracts Steve Hawke is a big football star who has been offered contracts by two different teams. The payments (in millions of dollars) under the two contracts are shown below: Team A Team…
In January 1914, Henry Ford startled the world by announcing that Ford Motor Company would pay $5 a day to its workers. At the time, $5 was about double what the average auto worker made. A recent article in Forbes…
Suppose a small hydro dam is planned for the Trinity River in northern California. Up front construction costs (initial costs in year 0) are $20 million. After that (beginning in year 1), electricity benefits of $2 million/yr, and operating costs…
The concept of reasonable assurance in the context of an entity’s internal controls recognizes that : A. Auditors may fail to detect material misstatements. B. Proper internal controls guarantee that material misstatements will not occur. C. Proper internal controls preclude…
If the consumption function: C = $350 + 0.9Yd a) At what level of income does savings equal zero? b) If this economy’s disposable income were $4,000, what would be its consumption and savings?
Illustrate out the term asymmetrical power? How does it relate to the war on terror? What are some of the main factors contributing to increasing global and domestic inequality?
The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given by the following relationship: Q = 400 – .5P where P is price. Total costs (including a “normal” return…
