PART A

Review Questions: 1. How does competition between capitals necessitate accumulation? 2. How does capital-intensive technical change help firms compete? 3. What are the advantages of scale in capitalist competition? 4. Describe how capitalist competition could trigger an overproduction of investment goods. 5. How can overproduction trigger crisis in Capitalism? 6. How does crisis affect capitalist competition? (In relation to the size of the market and impact on different firms) 7. How does rising organic composition of capital threaten the rate of profit? 8. What are some counter tendencies that prevent a straightforward fall in the rate of profit?

PART B

Review Questions: 1. How do market prices coordinate the economic activity of millions of individuals? 2. What is a negative externality? 3. How does an externality indicate market failure? 4. How does market power or monopoly subvert the coordinating function of market prices? 5. What is the tragedy of the commons? PART C

Review Questions: 1. What are some of the ways in which capital exercises influence over the State? 2. Using a historical instance as an example, explain how the State helped to create the conditions for capitalist competition. 3. How does the welfare state help stabilise the capitalist system? 4. How did the rise of labor unions change the working conditions of labor? 5. What were the broad differences in the balance of power between capital and labor in the US and Canada in the 1930s and in the 1980s?

This is political economics, university of Manitoba.

U can answer any questions, it's not a must to answer all. When answering pls indicate the part and serial number. Thank you Pls make the answer 150 words each