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Answer the following questions in a 1/2 page to a page response. Keep in mind to identify unclear words or phrases, and propose ways in which those words or phrases may be clarified.
1. We might say a society is just if and only if it is organized so that the distribution of wealth within works to the benefit of the least well off. Do you agree with this conceptual theory of what a just society is, or not?
2. We might say that lethal force against an attacker is justified if a victim believes he or she will suffer serious physical harm. Is this a good definition of “justified”? Explain.
Do open market purchases actually work? What real effect do these purchases in the "real world", assuming economic variables, actually have on bond prices and interest rates?
Bob manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. T..
Prove that inferior goods (goods with a negative income effect) have a backward bending income consumption curve. Prove that giffen goods have a positively sloped demand curve and a backward bending price consumption curve. Comment about substitution..
Two firm’s identical production costs, how do they maximize profits, how does this change if price discrimination is feasible or if the two firms have different costs of productions?
Why do many new businesses need outside funding? (give two reasons) Explain the difference between equity and debt as sources of funding for startups. Which type of funding (equity or debt) did Chobani prefer and why?
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both.
Suppose you earn an hourly wage of w and that you are self-employed (thus, you pay both the employee and employer parts of the Social Security payroll tax). Ignore all other taxes. Suppose also that if you worked your full time endowment T, you would..
Suppose there are two sectors of the construction industry that currently pay their employees the market-clearing wage. The demand for labor in each sector is MRPL=20-L, where L is the number of workers (in thousands). The supply of labor in each sec..
You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. What is the inflation rate at the initial long-run equilibrium..
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
Why might a producer use a designer label to differentiate her product from that of another producer? Provide an example to explain your answer
a rich man has 1,000,000 in the bank earning 7% interest. He plans to give away 100,000 at the end of the year and to increase his gifting by 10% each year there after. How long with the million dollars last?
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