What is surplus value? What is its source? How is the process of exploitation connected to profit? How does Marx’s theory of exploitation link the wealth of the wealthy to the relative poverty of workers?
In: Economics
According to Marx’s theory it is not just marginalized workers in sweatshops who are exploited. Who is exploited in a capitalist economy?
In: Economics
What is “labor power?” How is it distinguished from "labor?"
In: Economics
a. What do empirical findings suggest regarding the short run and medium run effects of technological change on employment/unemployment?
b. Explain the two factors that determine spending on Research and
Development, as discussed in your textbook?
In: Economics
The IS-LM-PC model connects the goods market, the financial market and the labor market.
a. Present a graph (hand-drawn graphs must be scanned and uploaded
in pdfformat) of the model and explain the graph in words (e.g.
slopes of the curves, what they depict, how are the three markets
connected, etc.).
b. Using the IS-LM-PC model graph show the effect of an increase in the price of oil on equilibrium output, price and interest rate both in the short run and the long run. Also explain in words.
In: Economics
describe why you are in need of an emergency grant in as much detail as possible
In: Economics
Suppose that the production function is given by Y=K^(1/2)L^(1/2)
a. Derive the steady state levels of capital per worker and output
per worker in terms of the saving rate, s, and the depreciation
rate, δ.
b. Suppose δ = 0.05 and s = 0.2. Find out the steady state output
per worker.
c. Suppose δ = 0.05 but s increases to 0.5. Find out the steady
state output per worker and compare your result with your answer in
part b. Explain the intuition behind your results.
In: Economics
Identify Future directions and various perspective on Digital Twin Developments and applications for the crisis caused by Novel Coronavirus (COVID-19).
In: Economics
How is exploitation reflected in the historic struggles between capital and labor? What are some specific focal points of this struggle?
In: Economics
In: Economics
a. In which decade did the original Phillips Curve break down and explain why? How was the expectations augmented Phillips curve different from the original Phillips curve?
b. What was Milton Friedman and Edmund Phelp’s opinion on the trade
offbetween unemployment and inflation as shown by the P-curve?
Comment briefly.
In: Economics
Write a paper on the effects of coronavirus in the US on small businesses (white and black), large businesses (white and black). Which businesses (small and large) performed worse than the other. In terms of welfare and distribution of income and employment, who gets hurts more: Blacks or whites, Male or female, also Who will get more government assistant?
In: Economics
How did the fires in the amazon impact the production of bananas in brazil? What are the implications of this on the market for bananas in Brazil?
In: Economics
When the money supply ___________, economic growth is ______, and prices increase predictably over time.
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After taking this class, you decide to create a financial plan. You follow your plan all through college, allocating the money from your part-time job to pay for necessities and putting some money into a savings account. After you graduate, you receive a job offer that includes a $40,000 a year salary, benefits, and paid vacation. Based on this salary, you adjust the amount you are putting away in savings by increasing it to $250 a month. This is part of which stage of creating a financial plan?
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In: Economics
Show in the graph and also describe the following situation:
The government decided to subsidize the capital of the automobile industry. In other words, the price of capital has dropped from r1 to r2 for the enterprise. What effect does this policy have on the demand for capital and labor in the automotive industry in the short run and long run?
In: Economics