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1. Do you find one of the political philosophies easier to agree with or easier to justify? Which do you most closely align with, and why?
2. Consumer choice theory tries to quantify everything - can this be done? What would you argue is something that people value that cannot be quantified? Does this way of thinking seem useful to you?
3. What are situations in life where asymmetric information is most harmful? What are ways that you or someone else has tried to overcome this obstacle?
4. The development of public choice and political economy studies is based on the ideas that nothing is sacrosanct: we can question the decisions of everyone, including the government. Why would we question the decision making of government officials?
Normal 0 false false false EN-US X-NONE X-NONE Use a suitable diagram and ..
First, which of the points do you think is most important and why? Secondly, do you believe that this methodology would be effective? Why or why not?
You are a policymaker tasked with tasked with deciding whether to adopt a carbon tax policy today in order to prevent possible future damages from climate change. (Assume for this problem only the policies in your country matter for climate-related e..
A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.
Discuss the advantages and disadvantages of maintaining multiple manufacturing sites as a hedge against exchange rate exposure.
1. What question is the RAND health insurance experiment designed to answer?
revenue at a major cellular telephone manufacturer was 2.3 billion for the nine months ending march 2 up 85 percent
1.Using the appropriate experimental economics concepts to explain what drives the switching decision in Table 1. Imagine that you are explaining this table to your friend that is currently taking Intermediate Micro.
What are the six main causes of market segmentations? What are the main disadvantages for a firm to be located in a segmented market?
In a small town which has two grocery stores, the total demand and the total supply curve for groceries are estimated to be Qd = 100- P and Qs = 4P - 200.
Futon Company has been reviewing its credit policies. The credit standards it has been applying have resulted in annual credit sales of $5 million.
What is the LTW? The payments are made at the end of performance. Do not consider tax and depreciation. Use a 10% per year interest rate.
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