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In the context of criminal law, discuss the comparative advantages and disadvan- tages of the following pairs:
(a) Fines Vs. Probability of ‘Detection and Punishment’
(b) Fines Vs. Prisons
(c) Maximum-but-Uniform fine Vs. Incremental-Fine
(d) Roe Versus Wade - Supreme Court Judgment
Suppose that a 5 percent decrease in the price of good X causes a 2 percent decrease in the quantity demanded of good Y. The cross-price elasticity of demand is therefore:
You are expected to apply some of the concepts/ models or theories used in the course as well as secondary research (eg. periodicals, trade publications, newspapers etc).
Assume that neither country experiences population growth nor technological progress as well as that 5 percent of capital depreciates each year
A 40-acre Christmas tree plantation produces $3,500 of net revenue per acre every 9 years. If the interest rate is 8%, what is the maximum amount money you should be willing to pay to acquire the plantation when the first cash flow is 9 years away?
Identify the key individuals in this case. Each team member must select a different individual from the case to explain his or her ethical or unethical actions and how those actions influenced the events that occurred.
Look at those whose advertising went down by double digits from the prior year. Speculate about what might have caused those advertisers' expenditures to decline.
The loss to consumers can be decomposed into three pieces: a transfer to domestic producers, a transfer to the government, and a deadweight loss. Use your diagram to identify these three pieces.
What is the purpose of criminal law? Explain how crimes are classified? Give two examples of white-collar crime. What do you believe the punishment should be for this crime?
Germany and France produce guns and butter. Who has the comparative advantage in which good? You must show your work to get credit, e.g. by calculating the relative opportunity costs of guns in each economy. What is the range of exchange rates at whi..
Suppose prices were p1 = p2 = 1 and income was 10. In the next year the price of good 1 doubled. The price of good 2 stayed the same. Calculate the CPI income adjustment. Calculate the new optimal bundle. And lastly, calculate the amount of the subst..
The Baldwin's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Baldwin spends the same amount extra above the $1,000 recruiting bas..
STHL, manufactures gasoline-powered chain saws for professional, commercial, farm, and consumer markets. To “better serve” their customers, STHL offers its chain saws in four different quality lines and associated ranges: Occasional use, midrange, pr..
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