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Nozick criticizes Rawls by showing that Rawls’ account of rights is based on a ___________ that fails to fit the realities of life as we actually live it. (a) time-slice theory, (b) communitarian theory, (c) socialistic theory, (d) all of the preceding.
Consider a consumer that only purchases two goods to maximize his/her satisfaction. He/she originally maximized his/her satisfaction, and suddenly his/her income decreased. Assume that good 1 is inferior and good 2 is normal. What are the implication..
What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union.
The control function of the federal reserve system is divided into quantitative controls and qualitative controls. What is meant by the term "qualitative"?
Why as a result of rise in exchange rate, the amount of imports fall but not as much as it does when the supply is perfectly elastic.
In December 1992, the government began requiring that food contain labels with nutritional information. The information had to be verified by independent laboratories. The price of verification was $20,000 per food item. What impact would this have o..
Using the information you have learned so far in this class, state what you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future ..
Why do you think the specific industries you selected are highly concentrated?
Illustrate what is the efficient price of water. Illustrate what are the quantities of water allocated to agricultural also industrial use.
General Electric paid its line workers $10 per hour last year when the Consumer Price Index was 100. Suppose over the past year that deflation occurred and the aggregate price level fell to 80. GE must pay its workers $ this year in order to keep the..
Treasury bonds are issued by the federal government through the ?
The cost of grading and spreading gravel on a short rural road is expected to be $ 300,000. The road will have to be maintained at a cost of $ 25,000 per year. Even though the new road is not very smooth, it allows access to an area that previously c..
What actions have been taken by the government to deal with the ups and downs of the business cycle in the United States? Please look back in history to round out your answer.
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