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In the context of criminal law, discuss the comparative advantages and disadvan- tages of the following pairs:
(a) Fines Vs. Probability of ‘Detection and Punishment’
(b) Fines Vs. Prisons
(c) Maximum-but-Uniform fine Vs. Incremental-Fine
(d) Roe Versus Wade - Supreme Court Judgment
Describe the differences between shortages and scarcity. In answering this question you should think difference between the short run and the long run in economic analysis.
What are some of the ways that the ease and simplicity of our current technological devices also lead us at times to surrogate our daily responsibilities onto these devices?
Explain how a budget deficit might lead to an appreciating currency and a trade deficit. Explain the introduction of the foreign sector makes the fiscal policy tool of the budget deficit less effective in stimulating the open, as compared to the clos..
What does each of the following theories recommend in regard to prevention of alcohol abuse and the rehabilitation of alcoholics: biological; psychiatric; psychological; rational choice; and learning/socialization?
A community has four residents. The table shows the number of dental visits each resident will have. Calculate the total quantity demanded at each price. Then graph the relation between price and total quantity, with total quantity on the horizontal ..
In jury selection, one cannot exclude potential jurors on the basis of race or other discriminatory criteria. One question is if this prohibition against discrimination should extend to potential jurors that have physical or mental disabilities. How ..
Explain why a perfectly competitive firm may continue to operate in the short-run even with a loss of profits.
"Which expression is another way of saying "marginal cost"? "
Suppose the production function is Cobb-Douglas, y = x 1/2 1 x 3/2 2. What is the technical rate of substitution? Does this technology demonstrate increasing, decreasing or constant returns to scale?
Suppose that you observe that the total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative?
How does a government spending and tax policy act as automatic stabilizers for the macro economy? Given the logic of the automatic stabilizers, why should we be concerned about deficit cutting efforts during a recession? What types of lags in fiscal ..
Rational expectations theory suggests that? short-run stabilization policy
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