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What does it mean to live in a 'disadvantaged neighborhood?' What are some examples of lacking 'family resources?' What makes schools the 'worst?' What makes the labor market 'tough'? As a society, what can be done about these shortcomings? What do you think the criminal justice system can do to be just (fair) to those experiencing these forms of social disorganization?
This week there was news that some prices are rising. I heard that in some countries where corruption is high the prices are also higher. I wonder if there is causality or just both at same. It would be interesting to find some material to support if..
Assume that the economy experiences a supply shock, such as an increase in energy prices. If the government tries to counter this cost shock (supply shock) by using expansionary fiscal policy/monetary policy, explain what will happen to the level of ..
Describe when a principal may be liable for tort when an agent is acting on behalf of a principal. Identify and describe how an agency relationship is terminated.
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific.
If a competitive firm is currently producing a level of output at which marginal cost exceeds marginal revenue, graph the situation and explain why if MC>MR, it does not necessarily mean the firm will have a loss (just that they could have more profi..
You are the fiscal policy maker of a country which had a closed economy, but which now opens up to the rest of the world. Explain and discuss how opening up the economy will have an impact on your fiscal policy measures.
Assume the market for fertilizer is perfectly competitive. Firms in the market are producing output, but they are currently making economic losses. How does the price of fertilizer compare to the average total cost, the average variable cost, and the..
Irene’s Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie’s Ice-cream. If it enters the market, Mattie’s can either accommodate him and share his 10million in profits equally with Irene or fight him a..
How does applying econometrics to economics validate economic decisions for an organization? Support your response with an example
What is more important for capitalism - economic freedom or private property? Why?
Assuming that the information required making decisions are held by lower-level employees, it makes sense to delegate decision authority to these employees. But, there must be trade-offs (because there always are). Speculate on the “costs” of delegat..
What is the ratio of this energy to the daily food intake of a person (1.2 ? 107 J)?
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