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Professor's Overview of the Final Exam There are no readings this week. Your sole task is to answer the three questions that comprise the final exam for this course. Your answers to each of the three questions should be approximately 2-4 pages long, if it were typed double spaced with normal margins. You will turn in your exam through Turnitin.com. NOTE THAT YOUR FINAL MUST BE TURNED IN BY OR BEFORE 6 PM ON SATURDAY. BE SURE TO TURN IN ALL THREE ANSWERS AS ONE DOCUMENT -- TURNITIN WILL NOT ACCEPT MULTIPLE SUBMISSIONS, SO ANSWER EACH QUESTION SEPARATELY, BUT DO SO ON JUST ONE DOCUMENT -- DO NOT TRY TO TURN IN 3 SEPARATE SUBMISSIONS. 1000 possible points total: 333 for the first answer; 333 for the second answer, and 334 for the final answer. Here are the three questions. 1) This class has focused on low-wage workers (Ehrenreich's co-workers), African-American workers (Mollie, Dorothy), workers in maquilas (Balbina), immigrant workers and farm workers (Coalition of Iimmokalee Workers), workers in visa programs (welders from India), and coerced or slave workers (many examples in the book Nobodies). A theme that seems to connect all these different types of workers is unequal power when an employer and workers like this meet in the job market. Consider different measures that might equalize the power relationship somewhat, and whether they would overall be desirable or undesirable. Give good reasons for your positive or negative position, whichever it is on the measures you are evaluating. 2) In the conclusion to his book Nobodies, John Bowe lays out opposing perspectives on labor in a global marketplace. He argues with a free-market libertarian named Charlie. Charlie believes that virtually everyone is benefiting from our current globalization controlled by business interests: "A rising tide lifts all boats." Bowe thinks Americans are ignorant of what actually happens in much of the world, and that many are being abused, with widespread negative consequences. Who is more right? Argue for whatever side you take, and especially be sure to deal with counter-evidence to your perspective. For example, if you side with Charlie, how do you deal with growing inequality in the world? Or, if you side with Bowe, how do you deal with the lifting of many from incomes from under $1/day to more than $1/day? Whatever your position, make as persuasive a case for it as you can. 3) Apply Anthony Appiah's ethical theory of Cosmopolitanism (available in the syllabus to refer to) and his argument in favor of "contamination" to Mollie's job and its ultimate destination with Balbina Duque in Mexico, and do the same for Saipan. How would he look at these situations, in light of his theory? Do you agree or disagree with him? Why or why not?
Consider a project that requires an initial investment with the following patterns of cash flow. n 0 1 2 3 4 5 Receipt $0 500 500 500 500 500 Disbursement $1000 100 140 180 220 260a) Compute the net cash flow and show it in a table or diagram.
The demand for widgets is found to be Q=100-11P +0.5Y, where P is the price of widgets in dollars, Y is average income in thousands and Q is the quantity of widgets in thousands. Say that P=7 and Y=50.
Jethro has been promised a payment of $1000, which is to be paid exactly 8 years from now. He is completely certain that the payment will in fact be made. Jethro believes that the appropriate discount rate is 5% per year, and that this will contin..
In the long run, Martha Mowers can assemble 300 mowers per week at a total cost of $18,000; 400 mowers at a total cost of $24,000; or 500 mowers at a cost of $35,000. Using the red points (cross symbol), plot the long-run average total cost (LRATC)..
use the table below to answer the following questions please show all
During 2002, the working-age population increased by 353.0 thousand, employment increased by 364.2 thousand, and the labor force increased by 469.5 thousand. Calculate the labor force participation rate for 2002.
Currently the wheels cost $4 each, but for a number of reasons the price will double. In order to produce the wheels themselves, Pramble would have to add to existing facilities at a cost of $800,000. It estimates that its unit cost of production ..
An engineering student bought a $75 bicycle and agreed to pay for it with a single $85 payment at the end of six months. Assuming semi-annual compounding, what is the annual, effective interest rate
An individual is considering two investment projects. Project A will return a zero profit if conditions are poor, a profit of $4 if conditions are good, and a profit of $8 if conditions are excellent. Project B will return a profit of $2 if condi..
You are hired as a consultant to advise the Galactic Empire on this matter. Explain in words why such a price ceiling might be a good idea (i.e. could such a price ceiling be welfare-improving Consult page 372, on natural monopoly).
a refresher on how to calculate a riskier investment, when Company A has expected returns of $50,000 and standard diviation of $40,000. Company B has expected returns of $250,000 and standard deviation of $125,000.
The market for widgets is perfectly competitive with a market demand curve of: Q =200-(.5)P There is a single production technology available to firms that choose to operate in the market. The long run total cost function associated with this tech..
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