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Choose three of the five questions below. For each question, write at least a 2-3 paragraph response.
In your responses, be sure to refer to specific concepts from the readings, lecture notes, or discussions, and use these concepts to support your points.
1. Define the agents of socialization.
2. Compare and contrast the two major economic systems. Identify a shortcoming of each system.
3. How is socioeconomic status determined? Also discuss the major social classes.
4. Discuss the eight steps in the research model.
5. Discuss the types of social movements and the stages of social movements.
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
George is going to replace his car in 3 years when he graduates, but now he needs a radiator repair. The local shop has a used radiator, which will be guaranteed for 2 years, or they can install a new one, which is "guaranteed for as long as you own ..
Suppose you want to estimate the following labor supply equation: You gather data on US workers aged 22 to 55 from the Current Population Survey. You define the Average Hourly Wage as self-reported total annual labor income divided by self-reported t..
A man is planning to retire in 20 years. money can be deposited at 6% interest compounded monthly, and it is also estimated that the future general inflation rate will be 4% compounded annually. What amount end of month deposit must be made each mont..
q.assume which at current factor cost s cloth is produced using 40 hours of labor for each acre of land and food is
What are the main reasons for the existence of financial intermediaries? Define asymmetric information. What is the Asymmetric information problem of lending? Discuss the adverse selection and moral hazard problems of lending.
Consider a market with two firms, each with constant marginal cost of $100 and facing a market demand curve of P=1000 - Q where W is total output of the two firms. Suppose they choose simultaneously, what is the Cournot Nash Equilibrium for this situ..
A battery in a critical tool fails at 32 hours. Illustrate what is the probability it was from manufacturer 2
The price elasticity of demand is -1.2. What type of elasticity is this?
After two quaters of increasing levels of production, the CEO of Canadian Fabrication and Design was upset to learn that, during this time of expansion, productivity of the newly hired sheet metal workers declined with each new worker hired. Which y..
Develop an online service for IT training that includes scheduled as well as self-paced courses. The training service will be initially web-based but the architecture must have the option that different front-ends like applets, web services, or ot..
A patent defense provision of a license is activated in which of the following situations?
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