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Identifying Misleading Information in an Argument: In the past ten years, most forms of drug use have dropped significantly, especially among teens. Despite this, non-violet drug offenders accounted for 21.1 percent of the federal prison population. First time drug offenders serve, on average, a sentence three months longer than kidnappers, nine months longer than burglars, and thirty-three months longer than sex abusers. In 1992, the average cost of keeping an inmate in either state or federal prison was about $20,00 per prisoner per year. The United States has the highest incarceration rate in the world, with 455 prisoners per 100,000 population. It is maintaining these prisoner at great expense in an environment where they are unlikely to develop a socially constructive attitude. Perhaps it is time that we reconsider our attitudes toward those who choose to use drugs; failure to do so may cost society even more than it already has. Determine whether or not the argument uses any deceptive statistics. Give opinion on whether or not the argument is persuaded you. Explain why or why not. Determine the primary ways in which statistics or authority are used in your current position in developing persuasive arguments, and provide examples of such use.
Suppose that the government imposes a proportional tax on the representative consumer's wage income. That is, the consumer's wage income is w (1 - t) (h - l) where t is the tax rate, and h is the working hours and l is the leisure hours
What important factor makes it more difficult for monetary policy makers to time policy changes correctly?
Suppose you are visiting the local Big Y supermarket to purchase groceries. At the grocery, you see an advertisement for a store rewards card. The card offers gasoline discounts that are tied to the amount of money that a consumer spends at the st..
Econ 2105- Macroeconomics Current Events Analysis Portfolio - determine the stage of the business cycle that the U.S. is currently experiencing
1. Compare the 12 month forward spread with the interest differential between SA and the USA 2. Calculate the interest parity one-year forward rate and compare it with the actual forward rate. Is there any violation of CIP? Explain why/why not
Compare and contrast between internal and external growth strategy. Identify a range of factors which might estimate whether an internal or external strategy is pursue such a growth strategy.
Explain how did the Mexican peso crisis differ from the Russian ruble crisis. What was the role of the IMF in these two currency crises.
Write down the Lagrangian for the consumer's optimization problem, and find the first order conditions for the choice of consumption at arbitrary dates t and t + 1
Suppose that a consumer has a choice between two goods, X and Y. If the price of X is $2 and the price of Y is $3, how much of X and Y does the consumer purchase, given and income of $17? Use the following information about marginal utility?
How were the procuder price paid and the consumer price paid affected? How was the producer profits affected?
Calculate the payback period of the project in years and months.
Assume your bank increase its minimum-balance requirement for free checking on checking accounts by $500. You take $500 out of your passbook savings account
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