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Discussion: In a 250-word post, please answer or respond to one of the following sets of questions (you only need to answer one of the numbered questions). Please post your response by Thursday. You will need to respond to at least one of your classmates' posts by Sunday (100 words). If you use outside sources, including the textbook, you need to cite those sources. Also, make sure that you proofread your posts, and your responses to your classmates, for spelling or grammatical mistakes. There is a sample post available in the Course Documents folder.
1) Is democracy the best form of government? What are its main flaws or drawbacks as a system of government?
2) What are the most significant free rider problems that the U.S. currently faces? What steps can the federal government take to reduce or eliminate those issues?
3) What is the difference between a democracy and a republic? Which concept best describes the U.S.?
4) Have Americans delegated too much authority or power to their elected officials?
5) Are governments rational? Does all political behavior have a purpose? Cite examples to illustrate your points.
Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. each successive year yields a return that is $3,000 less than the previous year's return.
Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace. What are the primary advantages and disadvantages of using this method to acquire inputs.
Assume that the farmer's objective is to minimize the cost per cow of buying any com- bination of these three feeds that satisfy the daily nutrient requirements of the cow.
Some Health Economists believe that the demand for medical care may be "supplier" or physician-induced. State whether under a Fee-for-Service and under a Capitation financing structure physicians will have an incentive to increase or decrease ..
How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller than accounting profit? What are the three basic sources of the economic profit? Classify each of following according to those sources:
A company has the potential to earn $100M in the horizon year of a growth product that is expected to have a profit growth of 5% per year in perpetuity beyond the horizon year. If the company’s discount rate (WACC) is 12%,
Someone claims that the "bargaining" hypothesis appeared in the literature because of a significant flaw in the "comparative advantage" hypothesis. After you briefly explain what these two hypotheses stand for, identify what..
a. sketch a graph depicting the classical view of the labor market. show the equilibrium wage and employment level.b.
Greengenes' landlord rejoices, saying, "According to the leftover principle, you will pay me $300 more in rent." Is the landlord correct. If not, is he applying the leftover principle incorrectly, or is the principle wrong
What type of industry benefits the most from technological innovation?
Hessian matrix of second order partial derivatives for f(x1,x2)=x1^(1/4) x2^(1/3) for x1, x2>0 is negative definite.
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