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California prisons are overcrowded. The State has the choice between building new prisons and relaxing parole standards (so that prisoners are released on parole earlier). Due to the budget crisis, it has chosen to relax parole standards.
a)In light of the studies discussed in O'Sullivan, what will be the effects of the policy on current and future crime rates, on the social costs of crime, and on the utility of legal citizens and criminals?
b)Do you favor the policy?
c)In his State of the State address, Governor Schwarzenegger resolved to spend no more on prisons than on higher education. Will the early release policy increase or decrease the costs of the criminal justice system?
Identify and discuss any two modern day events that illustrate interconnections between countries. Be sure to be specific about the events, and clearly explain ways in which such events evidenced the interconnections between countries.
Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- and/or long-term productivity in the U..
How might a government solve the problem of overfishing by assigning property rights over areas of the sea around the local coastline to a single fisherman. Have property right policies been successful in Asia in practice? What are the big issues ..
Discuss the pros and cons of firms competing in global environment and how this has affected the United States economy and the global economy?
Explain the changing economic variables in China that influenced McDonald's expansion strategies. Discuss What market model best describes the relationship between McDonalds and KFC in China?
Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore and explain the rationale for your choice.
In Japan, potential GDP is 600 trillion yen and the table shows the aggregate demand and short-run aggregate supply schedules. Real GDP Demanded Real GDP Supplied in the Short Run Price Level (trillions of 2000 yen) (trillions of 2000 yen)
Would the interest parity condition change if all foreign exchange transactions were subject to a one percent transaction fees? If not, explain your reasoning.
The bulk of the spurt can be traced to the boom in investment information technology capital and to the growth in the information technology-producing part of the economy. Measurement issues abound and having better data would help resolve them.
Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, has make decision to increase his business into the Czech Republic.
Suppose you are the Economic Advisor to the President of the U.S. Your task is to make a framework for economic policy and issues. During one of your briefing sessions in the White House,
The most visible and highly paid person in most corporations is the chief executive officer (CEO). CEO compensation is particularly important to firms for three reasons.
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