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Question: What is a just society? Which of the three theories of economic justice discussed in Chapter Three (utilitarian, libertarian, or Rawls's theory) do you feel would best create such a society? Why have you selected this theory and rejected the others? If our society were to be structured to incorporate the theory that you selected, would there be any negative impacts on you or on those whom you care about? What would these be?
a business can produce its product in different versions version a has a basic design and a lower cost and version b
Assuming that this economy's market for widgets is closed to international trade, what is the equilibrium price and quantity of widgets
A state government is considering construction of a flood control dike having a life span of 15 years. History indicates that a flood occurs every five years, on average, and causes $600,000 in damages on each occasion. If the state utilizes a MARR o..
Suppose your friend wants to become a doctor. Describe some of the human capital required to achieve this goal.
We observe that the same number of people is working at the minimum wage in year 2 as in year 1. Does it follow that an increase in the minimum wage does not cause some workers to lose their jobs? Explain your answer.
Write a two to three page paper in which you: Identify and explain how Mankiw's 10 Principles are foundational to the issues discussed in the article/video.
2. Suppose that W is a random variable with E(W4) ∞. Show that E(W2) ∞. 3. Show that if β1 is conditionally unbiased then it is unbiased; that is, show that if.
A 100 KM toll way costs $5M per km to build. The bonds are for 20 years and pay 10 percent per year [(A/P, 10%,20) = 0.1175]. If annual maintenance costs are $1000 per km, and 20000 vehicles use the toll way every day, what toll needs to be charged t..
Some marriage markets actually involve cash payments (i.e., dowries) from one partner's (usually the woman's) family to the other's.
Often, we assume that consumers have diminishing MRS. Explain what that means and how it is reflected in indifference curves.
Specifying how the company/organization/team generates additional awareness and exposure through their social media - include 2 concrete "real world" examples with details and explanations on how they accomplish this based on your research.
Ordinarily, governments attempt to promote competition in markets. Why do governments use patents to block entry into some markets when this prohibits competition?
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