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[14] Tocqueville observed that social mechanisms have paradoxes, as in what later became known as the Tocqueville effect : "social frustration increases as social conditions improve". [ 15 ] He wrote that this growing hatred of social privilege, as social conditions improve, leads to the state concentrating more power to itself.
Khan Academy is a 501(c)(3) non-profit organization, mostly funded by donations from philanthropic organizations. [14] On its IRS form 990 , the organization reported $31 million in revenues in 2018 and $28 million in 2019, including $839,000 in 2019 compensation for Khan as CEO.
The total cost curve, if non-linear, can represent increasing and diminishing marginal returns.. The short-run total cost (SRTC) and long-run total cost (LRTC) curves are increasing in the quantity of output produced because producing more output requires more labor usage in both the short and long runs, and because in the long run producing more output involves using more of the physical ...
Home bias in trade puzzle: The home bias in trade puzzle is an empirical observation that even when factors such as economic size of trading partners and the distance between them are considered, trade between regions within a given country is substantially greater than trade between regions in different countries, even when there are no substantial legal barriers.
In microeconomics the focus of analysis is often a single market, such as whether changes in supply or demand are to blame for price increases in the oil and automotive sectors. From introductory classes in "principles of economics" through doctoral studies, the macro/micro divide is institutionalized in the field of economics.
Trump pardoned more than 1,500 people convicted for their roles in the Jan. 6 attack and commuted sentences of 14 others, all members of either the far-right group Proud Boys or Oath Keepers ...
Coal sold in Cincinnati for 10 cents per bushel (94 pounds) and in New Orleans for 14 cents. [76]: 403–21 Charcoal production was very labor and land intensive. It was estimated that to fuel a typical sized 100 ton of pig iron per week furnace in 1833 at a sustained yield, a timber plantation of 20,000 acres was required. The trees had to be ...
Please go back and look at exactly what I said. I was talking overall from a man’s perspective — highlighting what most men would think. I didn’t utter a single disrespectful word about Serena.