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nlexa [21]
3 years ago
14

Heilbroner describes the Civil War as an immense occasion for theft, fraud, and other criminal activity. Abraham Lincoln himself

admitted that he violated the Constitution, as it was then interpreted, by taking most of the capital of the South through his 1862 Emancipation Proclamation. Is it appropriate to characterize all this as "crime"?a No, because the government of the United States had the Constitutional authority to prevent the greatest theft of all -- the theft, which was protected by State governments in the South, of all labor value, wages, capital, and of course personal freedom from the enslaved.b Yes, Lincoln was indeed a thief who stole all the economic power of the South and transported it to the North.c No, Lincoln was not a thief per se, but the criminal invasion of the South by the North was an unprecedented violation of the property rights of white slaveowners who were deprived of the value and of the income of their property.d Yes, a taking is a taking, whether done by an individual or by a government.
Business
1 answer:
Tems11 [23]3 years ago
6 0

Answer:

Lincoln was not a thief, but the criminal invasion of the South by the North was an unprecedented violation of the property rights of white slave owners who were deprived of the value and of the income of their property.

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At Halsted Medical Products Corp., all assembly workers must wear specialized gear to prevent possible injuries from minute part
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b. Feedforward control

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Feedforward control is a form of proactive control that includes measures that pertain to prevent certain consequences and safety hazards. This company wants to prevent their employees form getting injured from particles during manufacturing. So, this is an example of feedforward control, that aims to prevent, not react.

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3 years ago
Consider a town in which only two residents, Kevin and Maria, own wells that produce water safe for drinking. Kevin and Maria ca
jarptica [38.1K]

Answer:

Monopolist profit maximizing price

A: $3 per gallon , total output =270 Kelvins profit = $810(801/7/2 = $405

Maria's profit = $405

B. $2.5 per gallon . Kelvin's profit =$450 Maria's profit = 337.5

C = False. At the same quantity , fall in price brings fall in revenue

Cournot Nash equilibrium

Explanation:

In a monopolist market system , price are set higher than the marginal cost as the producer enjoy the dominance of the market through the production of a unique good.

At the price of $3 , change in demand =(270-225) =45 , change in revenue = ($810-$787.50)22.5 and marginal revenue = (45/22,5) = 0.5. That forms the maximizing price for a monopolist.

On the new arrangement , price drops to $2.5 , Maria's profit =(315-45/2)2.5 = $337.5 and Kelvin's = ($787.5-337.5) = $450

Cournot Nash equilibrium is business model that explains the competition among rival companies producing similar product on the level of output produced independently.

6 0
3 years ago
A country opens up to trade and becomes an exporter of wheat. In the wheat market, domestic consumer surplus will ________, dome
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Answer:

The correct option is increase; decrease; increase

Explanation:

First, we will define the following terms:

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  • Total surplus

<u>Consumer surplus</u> refers to the difference between the price that consumers pay and the price that they are willing to pay. Consumer surplus always increases as the price of a good falls and decreases as the price of a good rises. Therefore, in this scenario, as the country exports wheat, more wheat will be available in the market, leading to a fall in price, thereby leading to an increase in consumer surplus.

<u>Producer surplus</u> refers to the difference between how much a producer would be willing to accept for given quantity of a good against how much they can receive by selling the good at the market price. The difference or surplus amount is the benefit the producer receives for selling the good in the market. When prices rise, producer surplus increases, and when price falls, producer surplus decreases. There a decrease in price spurred by more wheat in the market will lead to a decrease in producer surplus.

<u>Total surplus</u> in a market refers to the measure of the total well-being of all participants in a market. Therefore, with more wheat in the market, there will be a drop in price, and consumers will be able to buy more, leading to more supply. This will lead to an increase in total surplus.

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A balance is _____.
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Answer:

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