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How can we retain the advantages of democratic government but reduce the problems caused by prisoners' dilemmas? Here is a radical proposal for reflection and discussion. Abolish all congressional staff. Create a one-house legislatures with 600 members who serve six year term and connote succeed themselves. Select 100 new legislators each year. Grant automatic eligibility for selection to every citizen who is 25 years of age or older, and who has either worked four years or earned a high school diploma. Pay each legislator generously, and grant each one equally generous lifetime retirement benefits that begin after their six year term ahs ended. Then call them to the service of their country through a lottery.
A) Would this system be democratic?
B) What information and incentives would shape the outcome of the legislative process under this system?
your younger sister needs 500 to buy a new bike. she has opened a lemonade stand to make the money she needs. she is
Assume that the following data characterize the hypothetical economy of Trance: money supply = $180 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, i..
Your son is graduating from high school and is about to enter the work force. He has developed a strong curiosity about our economic system and how it works. Because you have a good understanding of basic economics, he has asked you to explain..
Make sure you give complete definitions and explanations for this set of questions. When dealing with thedecrease in income, you will want to talk about the effects on thebudget constraint and the consumption bundle of the consumer.
If the nominal money supply grows 10%, the inflation rate is 6%, and the income elasticity of money demand is 1.0, then real income growth equals
Inductive and deductive claims such as all, none, or some impact the assertions of argument. As a reader, which are you more receptive to, information that claims to represent all of the cases under discussion or information that claims to rep..
You are the manager of Local Electronics Shop (LES), a small brick-and-mortar retail camera and electronics store. One of your employees proposed a new online strategy whereby LES lists its products at Pricesearch.com
what is the appropriate balance between private and public i.e. government activity? think of a case where the
suppose the initial conditions of the economy are characterized by the following equations. in this problem we assume
answer the question on the basis of the following production possibilities data for egypt and greeceegypt production
Rusty Flapps, an airline pilot with Air Canada, suddenly finds himself laid off because of the dramatic decline in the demand for air transportation brought on by the terrorist attacks of 9/11 and the recent economic slowdown.
Why is there so much advertising in monopolistic competition Pick a product that you have purchased in a monopolistically competitive market structure and tell us how advertising did or did not play a key role in your decision to purchase that pro..
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