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Connect Andrew Carneige's Wealth and it's Issues and Mother Jones' March of the Mill Children to a larger theme or idea. How do these two documents relate to each other? Wealth and it's Issues talks about how Carneige believes the wealth should be distributed in order to bring the rich and the poor closer together. He talks about ways to do this; one of his two favourites is to tax the rich in order to punish the millionaire's that are unworthy. The other is to distribute the wealth for public purposes, because he says it can be made more powerful forces for the evolution of our race. He also states that the duty of all men should be to live modestly, to provide moderately for wants of people dependant on him, and consider all surplus revenues as trust funds which called upon to administer in his judgement. March of the Mill Children is a document written by Mother Jones that describes her efforts to end child labor. She held meetings to raise attention to the problem. She addressed the manufacturers and officials, which did no good. She then led a march which cons sided of children who worked in the factories, to show proof of miss treatment. She eventually gained enough attention to pass a new child labor law.
Who are the stakeholders in this case, and which ones are most important. Why? What prompted the change effort, and what was targeted to change? Why was the proposed change controversial?
Consider the demand for Ramen noodles. Suppose the price of Ramen noodles decreases. If Ramen noodles are a normal good, this will produce a _____ (choose: positive/negative) substitution effect and a ________ (choose: positive/negative) income effec..
For each of the following situations, find the consumer’s optimal bundle. Be sure to show your work. Also, for each case, draw the consumer’s budget constraint, indicate the optimal bundle on the graph, and accurately draw the indifference curve that..
Assume the MTA’s production cost curve is given by C=1,200,000,000 + 3.5q where q denotes the number of subway trips. From past fare changes we know that a 20% drop in fares will increase the number of transit trips by 4%. Calculate the first-best tr..
Research and write a 2-3 page paper on the economic impact of globalization on the US the labor market (such as jobs, demand, supply, efficiency, productivity e.t.c). Critically analyze. Support your analysis with body of knowledge.
Can you come up with any examples of either adverse selection or moral hazard affecting you or someone you know in their family life, love life, or job? (Here’s one to get started on: Is an obnoxious guy or an interesting guy more likely to start a c..
Herbert spends all $50 of his pay check on food and shelter which each cost $5 per unit. What is the equation of his budget line?
On aggregate demand does fiscal policy have a strong impact. Explain the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand.
When quantity supplied increases at every possible price, we know that the supply curve has
Springfield Medical Associates, LLP, which has 10 doctor-partners, is engaged in the practice of medicine. One of the doctors, Teresa, is supposed to mentor a new doctor, Dan, but has been so busy she has been unable to do so. Dan recently committed ..
Suppose there is a reduction in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of output, and the rate of growth of output per worker and consumption per worker
Your firm spent $100 million developing a new drug. It has now been approved for sale, and each pill costs $1 to manufacture. Your market research suggests that the price elasticity of demand in the general public is -1.1. What price do you charge th..
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