What are the key elements of the classical school (Ricardo,
Senior, Mill, Malthus)? Make sure to...
What are the key elements of the classical school (Ricardo,
Senior, Mill, Malthus)? Make sure to discuss their theory of growth
and wages and compare it to more modern views.
What is the purpose of the balance sheet? Be sure to discuss the
three key elements that make up the balance sheet. How does the
balance sheet related to the income statement?
Evaluate the argument between Ricardo and Malthus
concerning the stability of a market system?. What were J. S Mill's
views on this issue? How relevant are the views to today's
world?
A small dairy wants to make sure that their butter mill is
producing bricks of butter that do not differ from the labelled
weight by too much. The machine produces 30 bricks of butter per
minute and runs for 4 hours Monday, Tuesday, and Wednesday
mornings. If the weights of the bricks of butter are deemed to be
too high or too low then that afternoon will be dedicated to
recalibrating the machines.
Question 1.
Use a hypothesis test to...
A small dairy wants to make sure that their butter mill is
producing bricks of butter that do not differ from the labelled
weight by too much. The machine produces 30 bricks of butter per
minute and runs for 4 hours Monday, Tuesday, and Wednesday
mornings. If the weights of the bricks of butter are deemed to be
too high or too low then that afternoon will be dedicated to
recalibrating the machines.
Question 1.
Use a hypothesis test to...
!. What are the main differences between Classical and
Neo-Classical Schools? Why Neo-Classical School tried to discard
Classical School's Labour Theory of Value from the Liberal
theory?
2. What is workers' alienation from the product of their
labour ? Please explain by giving an example.
Summarize the difference between the Classical Model (Hayek) and
the Keynesian Model (Keynes) Make sure to discuss fiscal policy and
monetary policy responses.