Reference no: EM13674659
1. In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs." Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is the Phelps' plan an improvement over current government policies? Discuss.
2. The availability of investment capital is critical for a market economy to grow. Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production. Also, explain how interest rates impact the availability of investment capital.
3. Your text, on page 629, lists three arguments for trade restrictions (Infant Industries, National Security, Protection against job loss and lower wages at home). Since economists do not favor trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for these three items. Are there any arguments for trade restrictions that most economists would support? Discuss.
4. Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again. Remember, banks are profit making firms who supply capital to suppliers of goods and services.
|
How much work in joules did the bird do on the snake
: Assume a 370-g kookaburra (a large kingfisher bird) picks up a 75-g snake and raises it 2.4 m from the ground to a branch. How much work, in joules, did the bird do on the snake?
|
|
Proton experiences an acceleration
: What is the electric field strength at a point in space where a proton experiences an acceleration of 1.5 million "g's"?
|
|
Suppose that the positive x-axis is directed to the right
: Compute the electric field (magnitude and direction) at the upper right corner of a square 1.22 m on a side if the other three corners are occupied by 2.45×106C charges. Suppose that the positive x-axis is directed to the right.
|
|
How many inches is the marble displaced horizontally
: A 100 m long pendulum having a small marble at the end swings 23.83 degrees from the lowest position. How many cm is the marble elevated? How many inches is the marble displaced horizontally?
|
|
Availability of investment capital
: Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production.
|
|
Positive angles are counter clockwise
: A hiker walks such that her initial displacement is . She then changes heading and walks with displacement . What (single) displacement would bring her back to her starting position? East = 0O; positive angles are counter clockwise.
|
|
Compute the velocity of the boat immediately
: A child in a boat throws a 5.80-kg package out horizontally by a speed of 10.0 m/s. The mass of the child is 23.0kg and the mass of the boat is 35.0kg.
|
|
Vertical extent of titans atmosphere is same earths
: The surface gravity of titan, the largest moon of Saturn, is 0.135 that of earth. The atmospheric pressure on Titan's surface is 1.6bar; mainly composed of Nitrogen (N2). The ground surface is believed to be mostly water ice (the surface temperature ..
|
|
Electric force on that third charge is zero
: A 1.0 µC point charge and a 7.0 µC point charge are a distance L apart. Where must a third point charge be placed so that the electric force on that third charge is zero? (Utilize the following as necessary: L.)
|