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Read the text below and answer the questions.
The law prohibits all cigarette billboards and makes it illegal for cigarette ads to be posted in shopping malls, movie theaters, stadiums, and other public spaces frequented by minors.
1. What argument might tobacco companies make against the federal statute?
2. Do advertisements receive more or less constitutional protection than movies and newspaper articles? Why is there a distinction, even though all three forms of expression derive a profit?
3. What type of expression is the government trying to censor with its law? What kind of protection does this type of expression receive under the Constitution?
The government introduces a new regulation according to which all carpenters must have a license. Assuming that the market for carpentry services is perfectly competitive, explain the effect of the licence on an individual carpenter's (i.e. the suppl..
The supply of labor generally is considered to be downward-sloping because the opportunity cost of leisure decreases as wages increase. The marginal income tax rate is a person's tax burden as a percentage of total income. The recession that began wi..
What is the ratio of Indian GDP to U.S. GDP if we don't take into account the differences in relative prices and simply use the exchange rate to make the conversion? What is the ratio of real GDP in India to real GDP in the US in common prices?
Consider the following situation for the US economy and answer the following questions. Suppose there are 10 million people living in the US. in 2013, Obama has to spend $8 per capita in wages to government employees and $2 per capita in government e..
Consider the real inter temporal model with investment now focus specifically on the representative firm in this model. What does the representative firm maximize in this 2-period model? Use words and symbols. State one of the firm's three optimality..
Should financial institutions be prevented from becoming too big to fail? What criteria should be followed in making such judgments? 2. Should consumer decisions concerning loans be regulated? 3. Should governments use public money to bail out failin..
q.the short-run production function for a manufacturer of flash memory drives is shown in the table below. based on
how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services
q.a consumer who conforms to the von neumann morgenstern axioms is faced with four situations a b c d. he prefers a to
The marginal productivity theory states that if a firm operates in a perfectly competitive factor market, it pays each factor of production its marginal revenue product. However, this theory may fail to hold if factor markets are not competitive. Whi..
The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Since this seedless watermelon costs $4, will sell for $7, and is highly perishable, he only expects to sell betwee..
You are very impressed by the first interviewee completing both phases of BK books interviewing process, and she has indicated that her reservation salary is 110,000. Should you make her an offer at that salary or continue the interviewing process..
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