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11 Apr 2019

Chapter 2

4. In colonial times, licensing restricted access to business opportunities Discuss and explain the four governmental controls present in colonial America. note: please answer all of the following questions. There also is no rush since the assignment is due by sunday @ 11pm. Thanks

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13 Apr 2019

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Related questions

Chapter 1

1. Apart from the acquisition of Indian land, white Europeans acquired original titles to land in America in five major ways. Identify each method and explain each in detail.

2. Labor was always in short supply in the colonies which was very often met by bound workers (unfree). Identify each type of bound worker used in the colonies and explain each in detail.

3. The English organized their colonial ventures in several ways. Identify and explain each being sure to contrast their differences. Include a discussion of “entrepot” as part of your answer.

4. The movement toward the modern European nation began in the late 14th century. Define and discuss the role mercantilism, long-distance trade, and legal developments played in this transformation.

Chapter 2

1. Regional specialization played a crucial role in colonial economic development. Discuss regional specialization in the colonies using the concepts of comparative advantage and opportunity cost.

2. Discuss/explain the relative importance of slavery between Northern, Middle, and Southern colonies. What social institutions fostered a growing dependency on slavery in the South?

3. Discuss the distribution/composition of total colonial trade with the West Indies, Africa, Southern Europe, and the UK.

4. In colonial times, licensing restricted access to business opportunities Discuss and explain the four governmental controls present in colonial America.

note: please answer all of the following questions. There also is no rush since the assignment is due by sunday @ 11pm. Thanks

2. Labor was always in short supply in the colonies which was very often met by bound workers (unfree). Identify each type of bound worker used in the colonies and explain each in detail.

note: please answer all of the following questions. There also is no rush since the assignment is due by sunday @ 11pm. Thanks

Assignment 4 (Chapter 23) Sequestration 2013

Dear Colleagues,

Using the goods and services model from the text (what I have labeled the 'Commodities Model' in my syllabus or the Keynesian Cross), please offer a basic analysis of the sequestration of expenditures by the Federal Government that took effect on March 1st. Please limit your analysis to an expenditure equation containing only personal consumption expenditures (C) and planned investment (Io). (The aggregate expenditures equation would be limited to AE = C + Io.) Please note that I want you to ignore the impact of any direct reduction in governmental expenditures upon aggregate expenditures as is discussed in chapter 24. In particular, discuss and model the effects of the Sequestration on C. Also, would there be a possible effect on Io? Please explain the conclusions that you reach. Before beginning your analysis please read the articles listed below:

Sequestration: The Truth Behind The Spending Cut€, Mani.

http://www.istockanalyst.com/finance/story/6318811/sequestration-the-truth-behind-the-spending-cuts

Paragraph 7 in particular in the article above

Fiscal Multipliers, the IMF & the OBR, Weldon, Duncan.

http://touchstoneblog.org.uk/2012/10/fiscal-multipliers-the-imf-the-obr/

Deleveraging Shocks and the Multiplier (Sort of Wonkish)€, Krugman, Paul,

http://krugman.blogs.nytimes.com/2012/10/09/deleveraging-shocks-and-the-multiplier-sort-of-wonkish/

In your analysis, please use the Keynesian Theory of Consumption as the model to represent household expenditures. You may assume that the aggregate expenditure function (line) has only consumers and business, and business expenditures are not dependent upon income (as presented in the text).

Of what importance is the discussion of the multiplier mentioned in the last two articles?

Is it possible that business expectations about the future will change?

What would change in the model as a result of this change in expectations (Please discuss the potential impact on inventories)?

As you perform your analysis, you do not have to specify exact values on the axes. Your response will be graded upon your ability to determine the direction in which incomes will change, either increasing or decreasing, due to the sequestration and if the change will be large or small. (Recall that income, Y, is represented on the horizontal axis in the Keynesian Cross model.) In your model, be sure to begin your analysis with aggregate expenditures at pre-sequestration levels and equilibrium income. Then indicate the appropriate movement of the consumption function and business planned investment and the effect on equilibrium income.

Also, provide a brief explanation of how unplanned investment would change as a result of the sequestration and how the unplanned investment causes equilibrium income to increase or decrease.

The book Principles of Economics, Tenth Edition, Chapter 23 - Sequestration 2013.

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