Regarding the common law and civil law system

Assignment Help Business Economics
Reference no: EM131000247

Regarding the common law and civil law system:

1. According to the empirical evidence of La Porta and colleagues, which system appears to be more efficient? list one weakness with this evidence.

 

2. Assuming that one system is more efficient than the other, why might a country that uses the less efficient system fail to switch to the more efficient system, as the Evolution to efficient laws Hypothesis suggests? Explain.

Reference no: EM131000247

Questions Cloud

Assume stable retail prices during the period : Estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2011. Assume stable retail prices during the period.
Almaden valley variety store uses the retail inventory : Estimate the ending inventory and cost of goods sold for 2011, applying the conventional retail method (average, LCM).
Compute estimated ending inventory and cost of goods sold : Compute estimated ending inventory and cost of goods sold for March applying the conventional retail method (average, LCM).
Determine the point estimate : Determine the point estimate, and then construct the 95% confidence interval for μ1= the average attitude toward Manhattan. Repeat part (a) for μ2 through μ5, the average attitudes toward Brooklyn, Queens, The Bronx and Staten Island, respectively
Regarding the common law and civil law system : According to the empirical evidence of La Porta and colleagues, which system appears to be more efficient? list one weakness with this evidence. Assuming that one system is more efficient than the other, why might a country that uses the less efficie..
Fans can never catch up with the vicious cycle of sports : Consider the following statement, paraphrasing one lament by fans. “Fans can never catch up with the vicious cycle of sports event pricing. As fan income rises, they can finally afford the high price of sports events
Under a certain set of regularity condition : The first welfare theorem states that under a certain set of “regularity condition", free markets are efficient. Use the demand and supply model to show that a government imposed price ceiling will be inefficient when these regularity conditions are ..
Nation could better harness its comparative advantage : Without markets A. a nation could better harness its comparative advantage. B. people would be less self-sufficient. C. specialization and the division of labor would increase. D. specialization and the division of labor would decrease.
Compute net purchases at retail and net sales : Compute net purchases at retail and net sales for the month of September.

Reviews

Write a Review

Business Economics Questions & Answers

  Assume the demand for plastic surgery is price inelastic

Assume the demand for plastic surgery is price inelastic. Are the following statements true of false? Explain. When the price of plastic surgery increases, the number of operations decreases.The percentage change in the price of plastic surgery is le..

  Group of investors is thinking about buying a ticket

A group of investors is thinking about buying a ticket also sharing the proceeds if they win. The organizer offers the following deal.

  What is the breakeven price for the toy truck

the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is $100,000 trucks, what is the breakeven price for the toy truck? Should you shut down?

  Full income budget constraint on an individual

Illustrate the full income budget constraint on an individual who has T0 units of discretionary time, Y0 units of unearned income and a wage rate of W0. In the same diagram, illustrate the utility maximizing choice of leisure and goods/income. Indica..

  Private firms that benefited from government protection

Multinational enterprises are sometimes compared to colonial enterprises that operated at the end of the 19th century. Colonial enterprises were often private firms that benefited from government protection and control of foreign countries. Is this a..

  Budget constraint to graph that represents decrease income

Sometimes stores have sales that limit the quantity you can purchase at the sale price. If you buy more than the limit, you pay the full price. Assume that your local grocery store is having a sale on yogurt where the first 5 are on sale for $1.00 pe..

  What would you charge private pay patients

Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. If the union negotiated a fee of $45 instead, what would you charge private pay pa..

  What conclusions can be drawn about market allocations

Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..

  What are the corresponding retail and wholesale prices

The marginal cost of production is $30. Which product should go to the retail market and which should go to the wholesale market? What are the corresponding retail and wholesale prices? What would happen if the sales are switched from the retail t..

  According to the rule for optimal input usage

According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.

  Amount of advertising that a restaurant conducts

At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.

  Q1 in recent years the value of the dollar had declined

q1. in recent years the value of the dollar had declined relative to the euro. what does that mean for european

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd