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What makes a social science explanation different from methodological individualism? How would social scientists explain why American men wear short hair, while women wear their hair long? How would a methodological individualist explain this?
Is inflation: High, Moderate, or Low? Is unemployment: High, Moderate or Low; what is the unemployment rate? Are interest rates: High, Moderate, or Low? Is the economy in: Growth, Stagnation, or Recession?
Consider a small open economy that maintains a fixed exchange rate. Explain what effects a reduction in the interest rate that prevails in world financial markets would have on each of the following domestic variables after the economy has adjusted t..
q.statistical inference confidence intervals and hypothesis tests. suppose that a sample of economists are forecasting
Adam and Eve live in the Garden of Eden and can trade only with each other. Adam is endowed with 60 units of Pleasures of the Spirit and 80 units of Pleasures of the Flesh. Eve is endowed with 40 units of Pleasures of the Spirit and 120 units of Plea..
The Arkansas state legislature enacts a statute that prohibits the advertising of video games “because the games might be harmful to minors.” Despite this new statute, the president of Games Marketing, Inc. (GMI), orders GMI marketers to place ads in..
mustard and mayonnaise are substitutes. mustard and relish are complements. mustard is a normal good. during the summer
Assume all employees are paid the same wage. A decreasing marginal product of labor, while still a positive number, tells us that marginal cost must be increasing. A watch manufacturer finds that at 1,000 units of output, its marginal costs are below..
Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What ..
It is expected that the price of a bushel of wheat will increase in one month. This belief will result in
The city of Spillsville is worried that its municipal landfill is going to fill up. As a result, the city's sanitation engineer has proposed three solutions: Require each household to reduce its garbage disposal by 100 pounds per month.
Identify and describe four means of political risk adaptation. Give a cited source for each mean. I know what the four means are of political risk adaptation the problem I'm having is where do I find websites to give examples of these. If someone cou..
Which of the following is an example of an explicit income transfer?
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