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1. Aristotle argues that whatever is the good in itself, it must be something sought which meets three criteria, namely that it must be ___________. (a) pure, final, based on good will, (b) final, self-sufficient, and something we seek for its own sake, (c) something we seek for its own sake, a form of duty, pleasant, (d) rights based, pure and grounded in one’s duty.
2. Among the rights discussed in class (& the handout), private property rights where justified on the grounds that they are based on __________. (a) a legislative act of congress, (b) religious tradition, (c) one’s self-ownership, (d) presidential executive acts.
Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
Evaluate the importance of gold as an international asset. Discuss the historical importance of gold as an international reserve asset, including the functions it fulfilled. Finally, discuss whether the United States should return to the gold stan..
q. 1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
q1. in long-run equilibrium assume the economy. in a short duration of time there is a pessimistic revision of
Imagine you have $20000 and you are willing to invest. A safe investment that promises to pay 5% profit after 1 year. A risky investment that has a 20% chance you might loose half of your money. How much do you expect to get paid for a year in the s..
Consider the Harrod-Domar relationship for an economy: Assume that the depreciation rate is 0. A country can only save 15 percent but wants to grow 15 percent. Assuming the ICOR is 3, the gap of ____ should be provided by foreign aid.
Explain how does global economic competition impact price elasticity in domestic market and decisions related to strategy a firm uses to compete.
The consumer derives utility from tutoring sessions and bowling according to the utility function U(b,t). The consumers marginal utility from each game of bowling is MUb=t and the marginal utility of each tutoring session is MUt=b+1. What is the cons..
What is being assumed about the timing of wage setting and price setting that enables us to say that the economy is always on the PS curve but only on the WS curve in a medium-run equilibrium? What timing assumptions would deliver the result that the..
You are a management consultant for a 30-year old partner in a large law firm. In a meeting, your client says: “According to an article in the New York Times, 57 percent of large law firms have a mandatory retirement age for partners in the firm.
You are also aware that sometimes when you and the other project members are slaving away over the project, she is playing golf with senior managers. Illustrate what is your evaluation of her behavior.
Compare and contrast two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.
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