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Think about the following examples:* ??In the past, users needed to opt OUT of sharing information with online sites like Facebook. Now, typically, you need to opt IN.* ??In some countries, voter registration is automatic whan a person is eligible based on census records.* ??Voter registration and/or voting is compulsary (required) in many countries (122 out of 226 countries or territories).* ??Many employers nudge employees to save for retirement by making the default option to contribute to a 401k plan, where employees need to opt OUT if they do not want to contribute.* ??Grocery stores often place sugary breakfast cereals on shelves about 3-4 feet off the ground.* ??Setting low opioid prescription default quantities in electronic medical record orders decrease opioid prescribing by doctors for acute pain.
For the discussion:* ??Discuss the impacts (benefits and costs)* of these nudges.* ??What are some other nudges that you may have noticed out in the "real world?"* ??Can you suggest some nudges that would be benficial to society?* ??How would they be beneficial?* ??Who should be doing the nudging, employers, government, your peer group?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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