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Describe what you would do in the situation. Integrate the elements of reasoning and/or intellectual standards to show a understanding of material behind personal example. Your work should be at least 500 words and integrate specifics into either the elements of reasoning, the intellectual standards or both. Do not worry about your answers being right or wrong - you are going to be graded on your connection to the material - not the behavior you would engage in if it happened to you.
Choose 2 elements of thought and 2 intellectual standards and describe for each scenario.
Scenario A: You are deployed in a country. A raid went wrong, and your squad opened fire on several innocent people. Your commander asks you and the rest of the squad to make it look like they opened fire up on you first. How would you respond?
Scenario B: As a police officer, you pull someone over. After searching their vehicle, you confiscate several ounces of marijuana. The computer system is down so you cannot chronicle this bust. Your partner tells you that his wife is sick and he could really use that marijuana at home for medicinal purposes to help her with her pain. How would you respond to your partner?
Scenario C: As a parent, your child has a first year teacher who gives ridiculously hard assignments. Your kid has a four year scholarship waiting for him if he can pass this last course - even with a C. The last assignment is an assignment that you did your graduate work on - so you know there's no way a high schooler should be expected to do this assignment - but if your child fails this assignment, they would lose a four year scholarship. Do you actively help them complete the assignment - or let them do it themselves - knowing they can't do the assignment themselves and the assignment is likely to be poor because it was an inappropriately assigned paper.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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