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According to conventional analysis, all consumer decisions are made with just a few assumptions about human behavior, given these, the consumer is then said to maximize their utility. Explain this concept and the process. How does the heterodox perspective theorize about consumer behavior? From the business and finance side, what unconventional concepts help us explain the choices that executives and finance people make? What kind of logic does these 2 perspectives regarding human behavior use, inductive or deductive? If deductive, are there any breaks in the chain of logic? What do these theories of human behavior say about economic power, about our ability as a species to be influenced, shaped and molded and about the current structure of the economic production system? Which of these theories regarding human behavior help us explain consumer society? What is meant by consumer society? Why is mass consumption important to an economy that is abundant? Why does heterodox theory not believe that the end of production is consumption? What are the pros and cons of mass consumption? What steps, if any, can the government do to decrease consumption patterns and what would the consequences of this be? Is the government constrained in its ability to redress this issue? Explain.
Consider each of the following events. For each, identify whether it should be included in the U.S. BOP table; where relevant, determine whether it is a debit or credit entry; and calculate the statistical discrepancy entry for the U.S. BOP table. Fo..
Sanford (1952) in his discussion of the follower in the leadership process suggested that we think about the follower’s “readiness for leadership.” Explain what Sanford meant by this concept
Which of the following items are not considered resource costs even though they are counted as income paid to persons?
A market with barriers to entry may not be characterized by production at the minimum ecient scale in the long run. The Diamond-Mortensen-Pissarides model successfully explains the phenomenon of unemployment, while competitive market models ( earlier..
Find the autonomous expenditure and induced expenditure in this economy.
Monopolistically competitive firms
The cost to a cinema owner of letting someone see a movie for free is
What is inflation? How do interest rates affect inflation? What are the different types of unemployment? Which of these has the most impact on the economy? Explain
Illustrate what money supply should the Bank of Canada set next year if it wants inflation of 10 percent.
An asset with a first cost of $100,000 is depreciated over 5-year period. It is expected to have a $10,000 salvage value at the end of 5 years. Using the straight-line method, what is the book value at the end of year 2?
A project manager must consider several components when overseeing the planning process of aggregate operationsspecifically, whether such components are factors that are internal or external to the organization. Which of the following factors would..
An economist has predicted that for the next 5 years the U.S. will have an 8% annual inflation rate, followed by 5 year at a 6% inflation rate. this is equivalent to what average price change per year for the entire 10-year period?
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