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Both Veblen on one hand and Kahneman and Tversky oon the other hand challenged standard neoclassical notions of rationality. Explain the similarities and differences between Institutional Economics (Veblen) and Behavioral Economics (Kahneman and Tversky). Which presents a more fundamental challenge to neoclassical economics? Explain.
In this forum, share your thoughts on what you feel is the most important environmental issue we face Be specific and include at least one link to a specific (factual - not a blog) website or internet article that deals with that issue and a brief ov..
The Federal Reserve Bank controls the money supply and interest rates in the United States. In your informed opinion, has it done a good or a bad job over the last decade? Why? What could it or should it have done differently? Why? Consider the ethic..
When design dominance is discussed, what company name comes to mind.
Suppose a market becomes more competitive over time. What happens to the elasticity of demand for a particular firm's good as its market becomes more competitive?
A sample of 16 ATM transactions shows a mean transaction time of 67 seconds with a sample standard deviation of 12 seconds. When testing whether the mean transaction time is different from 60 seconds, what is the test statistic?
Discuss why it is important to evaluate processes within an organization using flowcharting and performance metrics.
What are the four tenets of natural capitalism. Please explain and tell us which one is in your opinion the most crucial. Discuss ecological footprinting, what does it mean and what are its implications for a given society.
What is the meaning of a surplus or deficit on the a) merchandise trade balance, b) goods and services balance, and c) current account balance?
Net exports is defined as exports minus imports. Because of this minus sign, net exports can be negative or positive, depending on the sizes of exports and imports. If exports are greater than imports, then net exports are positive, resulting in a “t..
The circular flow of income model shows that
Create a program that simulates a standard Cash Register that meets the following requirements: Stores separate sales tax rates for food and non-food item. The rate for the food items will be 3.5% and non-food items will be 7%. The program will pro..
The KOF Index of Globalization, provided by the KOF Swiss Economic Institute, measures globalization on economic, social, and political dimensions. Provide a brief analysis (not a description) of this index and its ranking using concepts from the tex..
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