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Obedience to authority can be a powerful social pressure to conform and comply with a request that might be against our intuitive sense of right and wrong. Milgram's study of obedience has contributed to understanding how people can commit in human acts under situational constraints. Read about the experiment and put yourself in the participant's situation and explain how you honestly think you would have responded if you were in that experiment. Would you have administered the shocks? Please remember that I need to know that you have read and understood the materials.
If the central bank (Federal Reserve in case of USA) does not use accommodating monetary policy, a fiscal stimulus is likely to increase interest rates, which in turn will cause planned investment to decrease. What is this sequence of events called?
The traditional management style of hospitals has been hierarchical and internally focused. What are three important challenges that face hospitals to accommodate new payer and consumer expectations?
If the actual budget deficit is $200 billion, the economy is operating $450 billion above its potential, and the marginal tax rate is 14 percent, what are the structural deficit or surplus and the cyclical deficit or surplus?
show how consumers make purchase desicions, on the basis of each model of consumer desicion making cognitive, emotional, paasive.
Suppose that George operates a laundromat which requires two inputs, capital (K) and labor (L). His production function is Q=3K^(1/3)*L^(1/3). Suppose George desires to produce 90 units of output, and the cost of labor is $27. What is is capital dema..
Which of the following is NOT an example of a demand shift? a. A promotion at works leads to increased spending on vacation travel. b. A shoe store sale leads to higher demand for its shoes. c. A safety recall of the Honda Prius leads to lower deman..
Why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders? What conclusion could be drawn if the volume of unfilled orders and average length of deliv..
Illustrate what is the present value assuming a discount rate. Level of consumption or saving will be illustrate what.
Participate in a discussion with your classmates regarding the expenditure multiplier effect within your local community, state, or region which magnifies or multiplies expenditures that increase the real GD. Discuss an event in your home city or sta..
Suppose the US dollar depreciates against other currencies. Under the linked exchange rate system, Hong Kong pegs its nominal exchange rate to the US dollar. What would happen to the prices of goods and services (in terms of US dollars) in Hong Kong ..
A researcher has collected information from mailing 300 randomly selected individuals in the Lubbock community about their attitudes about undertaking cancer preventing activities including using sunscreen, reducing weight and tobacco usage. (a) What..
What is your preferred use of the two fiscal tools (Tax or Spending) to resolve gaps? In your opinion who should receive the benefit or bear the cost of your fiscal tool(s)? Be specific.
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