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Ten Examples of Sloppy Economic Thinking
One often hears statements asserting each of the following, and/or these notions are reflected as implicit assumptions embodied in statements or writings by politicians, laymen and even so-called experts. Based on your knowledge of economics and economic analysis, can you explain why or how each of the following involves sloppy economics? (Note: some may involve more than one problematic element)
1. It is important that one have all the pertinent information before he/she makes any important decision.
2. Safety is important. Americans need and deserve products that are 100% safe. Similarly we should make sure that our air and water are completely free of toxic pollutants.
How would you expect each of the following factors to affect the probability someone chooses not to participate in the labor force?
Discuss the effect of country of origin. Customers may have different perception about products with different country of origin.
Violet is converting an empty warehouse into an upscale designer clothing store. Your team has been hired to assist Violet in launching her business.
Would frequent brief project evaluations be best, or would less frequent major evaluations be preferred? Explain your answer.
Can the explanations of the "boundaries of the firm," as developed in this unit - be used to explain the bounds of the family.
1. What is the basic concept of governance? How can governance be used as a framework for assessing the management of hazards?
Assume the government increases its purchases of goods and services by $50 million, with a marginal propensity to consume of 0.90. The country has a preogressive income tax system and imports goods and services. Therefore, which of the following w..
Explain whether the following events will affect fixed costs or variable costs and please justify the answer
Explain how the Internet affects international business activity and the globalization of the world economy.
importance of behavior exhibited by managersimagine you are a midlevel sales manager at interclean inc. with three
Discuss "Loanable Funds Market" and clarify your understanding of the different types of interest rates in the market.
Discuss the term value as it pertains to pricing. How has the perception of value changed? How does an organization increase the perception of value?
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