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Several of the readings we’ve done this semester have suggested that the valorization of certain approaches to social “science” can mean the exclusion of alternative theoretical perspectives. In the “real world” this tension plays out in the policy sphere, in which these different theoretical perspectives offer different policy recommendations. a. Roughly splitting the content of this semester into neoclassical theory and heterodox theory, how do these approaches differ in terms of: i. Normative content and criteria ii. Ethics iii. And the ways that they define or interpret or theorize: 1. Inequality 2. Development b. What is at stake in this debate? According to Polanyi, why is this debate important? i. Do you agree? Why/why not?
The Colleges are facing issues of survival after the government further cut their funding. Two colleges have decided to merge to safeguard their provision and safeguard their staff jobs. List the major stakeholders that will be effected by the colleg..
If a company's accounts payable is $42,041, retained earnings are $412,474, long-term debt is $391,227 and your accrued expenses are $5,966, what are the total current liabilities?
Why is there a social cost to monopoly power? If the gains to producers from monopoly power could be redistributed to consumers, would the social cost of monopoly power be eliminated?
A firm with a U-shaped average cost curve finds that its costs exceed its revenues when it sets price equal to marginal cost.
Unstable export markets, worsening terms of trade, and limited access to the markets in advanced countries are just a few of the problems that have plagued nations in Africa, Asia, Latin America, and Middle East. For example, developing countries hav..
Given: CPI in 1988 = 116.9 and CPI in 2013 = 234.3. If the starting salary for a new MBA in 1988 was $48,000, what amount in 2013 would that be equivalent to in real terms?
In 1999, the Canadian economy was at full employment. Real GDP was $886 billion, the nominal interest rate was around 6 percent per year, the inflation rate was 2 percent a year, the price level was 110, and the velocity of circulation was constant a..
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following
For years, you were the owner/operator of a small gift shop in a remote rural area with no competition nearby. As such you were making above average profits every year. Consequently, new competitors were attracted to your market and eventually you fo..
An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a down payment and the balance to be paid in 48 equal monthly payments with interest of 12% compounded monthly. The payments are due at the end of ..
The payment to resource owners has to be equal to ____ in order to keep the resources in their current use. The term price maker
Suppose there are two goods, labeled x, y. A consumer has a budget of w = 220. Suppose the following two consumption bundles: (x = 4, y = 10), (x = 6, y = 4) all cost the consumer 220. What’s the price ratio between the two goods? Namely what’s py px..
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