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Compare and contrast the economic sociology of Weber, Schumpeter, and Galbraith with the political economic ideas of Keynes and Veblen. In what ways are their views mutually reinforcing and where and how do they differ? Can their views be synthesized in a coherent manner and are they convincing?
Many countries often come together to sign treaties for trade or security. What are some of the economic and political reasons for signing such treaties? Can you identify some ways in which these treaties are enforced?
Why did Jackson and his followers insist on the removal of Indians from the Southeast (and places like soutwest Georgia)? What kind of society replaced that of the Creeks, Choctaw, Tuskegee, Seminole, and Apalachee?
Why do consumers want to save more in the weak economy? What influences our consumption? Should governments be made by law to balance their budgets, or should they be permitted to run deficits sometimes? Should you go into debt sometimes? Explain?
What are the benefits of immigration to a nation on both an economic level and frkm problematic standpoint?
What are the four market types? Give an illustration of each. From a social standpoint, what is the problem with monopoly? Discuss this using an example for illustration.
OneSource is a producer in a monopoly industry. The demand curve, total revenue curve, marginal revenue curve and total cost curve for OneSource are given as follows: What price will OneSource charge for the output? How much profit will OneSource mak..
q.the cost of hiring a new lab technician is 8000 per month including fringes the cost of leasing additional testing
Explain how industrial regulation affects the market and the entities affected by industrial regulation in terms of market structure.
Suppose Mary’s utility function for two goods X and Y is given by: U(X,Y) = 2X1/3 Y2/3. If Px = $4, Py = $5, and Income I = $200, compute Mary’s utility maximizing consumption bundle. Show the utility maximizing consumption bundle on a graph.
What do you think about this statement? True or False and why?
Two firms, 1 and 2, individually choose and simultaneously submit a bid price for a given product. They can submit either a high price or a low price. If both firms bid high, the resulting payoff for each firm is $80 million. Assume there is repeated..
When price level increases it reduces the purchasing power of our income. What is the impact of inflation on savings and interest rates?
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