Compare and contrasteconomic rational choice theory

Assignment Help Microeconomics
Reference no: EM13903840

Question 1<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Compare and contrasteconomic rational choice theory with sociological strain theory. Economicrational choice theory is the foundation of neoclassical micro andmacroeconomics . Sociological strain theory was originally formulated by RobertMerton in "Social Structure and Anomie" (1938), and it is still the most widelycited text in the sociology of crime and deviance.

a.      Why is the "waron drugs at root a market problem"?

b.     Using rationalchoice theory, explain that "war on drugs at root a market problem."Consider the interaction between supply and demand in the drug economy.

c.       Using Merton's strain theory, explain that the"war on drugs at root a market problem." Consider the interaction betweensocial class and culture (i.e. how does Merton describe American culture?).

d.     Describe onedifference between rational choice theory and strain theory.

Question 2a.      Describe USinternational policies and initiatives to eliminate/reduce (1) cultivation andproduction of cocaine, and (2) organized crime and narco-trafficking in cocaine.

b.     Discuss theeffectiveness of these US supply-side policies .

c.      .Propose analternative supply-side policy using at least three evidence-based arguments (5points).

Question 3:a.      Describe USdomestic policies and initiatives to eliminate/reduce cocaine and crack-cocaineconsumption

b.     Discuss theeffectiveness of US these demand-side policies

c.      Propose analternative demand-side policy using at least three evidence-based arguments 

Reference no: EM13903840

Questions Cloud

Government redistribution program : Government redistribution programs in the United States focus mainly on those within the U.S. borders, even though the poor in other nations are much worse off than the poor in the borders.
Classify each of the following goods as private : 2. Jim is a janitor working for a cleaning company which receives $500 from each company that hires them for keeping the company's employee restrooms clean for a period of one month. Jim is paid $2 for each bathroom he cleans and pays for his own sup..
Short-term profit maximization : 1. How does the theory of the firm differ from short-term profit maximization? Why is the former superior to the latter? 2. What effect would each of the following have on the value of the firm? explain.
What is political organization : How do Marx, Dewey, Hayek, Sandel, Stout, and Chatterjee think about the following questions?  What is political organization?Is it a good thing, a bad thing, (or a little of both) - Why?
Compare and contrasteconomic rational choice theory : Compare and contrasteconomic rational choice theory with sociological strain theory. Economicrational choice theory is the foundation of neoclassical micro andmacroeconomics . Sociological strain theory was originally formulated by RobertMerton in "S..
Calculate the companys basic and diluted earnings per share : Spriggins Company is a small biotechnology company specialising in the development of new varieties of vegetable and field crop seeds. Calculate the company's basic and diluted earnings per share for x3.
Compute the goods market multiplier : Derive the equation of the IS curve and roughly sketch it in a diagram and roughly sketch the LM curve, and show the short-run equilibrium - Compute the goods market multiplier
Attending the oum and their next best alternative : All Open University Malaysia (OUM) Students are identical and they are all indifferent between attending the OUM and their next best alternative. Students eat are the student union.
An essay of at least two well-developed paragraphs : In an essay of at least two well-developed paragraphs, discuss real and nominal GDP. Point out how they are alike and how they differ. Also, explain the problem with using nominal GDP to measure the growth of the economy.

Reviews

Write a Review

Microeconomics Questions & Answers

  Would series of bank runs in country decrease total quantity

Would a series of bank runs in a country decrease the total quantity of M1 Wouldn't a bank run simply result in funds moving from a checking account to currency in circulation How could that movement of funds decrease the quantity of money

  Briefly explain whether wal-world has a dominant strategy

Briefly explain whether Wal-World has a dominant strategy and briefly explain whether Tarbo has a dominant strategy.

  Recognize the following cpus 1 the cpu which resides on

identify the following cpus 1 the cpu that resides on a computer that you own or a computer that you would

  How much work is done through one cycle of process

An ideal gas expands at a constant pressure of6.00 105 Pa from a volume of 1.00 m3 to a volume of 4.00 m3 and then is compressed to one-third that pressure and a volume of 2.50 m3 as shown in the figure below before returning to its initial state..

  Perfectly competitive firm-industry in long-run equilibrium

Draw graphs showing a perfectly competitive firm and industry in long-run equilibrium. How do you know that the industry is in long run equilibrium. Suppose that there is an increase in demand for this product. Show and explain the short-run adjustme..

  Empirical demand function and forecasting

Empirical Demand Function and Forecasting

  Determine the opportunity cost for 35 billion could

the ceo of bank of america brian moynihan recently stated that us taxpayer money should not be used to bail out major

  Discuss the govenrment policy to stimulate job creation

.Most people are consumers, making demand decisions in product markets, and also workers, making supply decisions in resource markets. How do workers choose how much of their labor service they are willing to sell Is the quantity supplied likely t..

  1 employee benefits have become more and more an

1. employee benefits have become more and more an important part of employee compensation. according to the text

  Utility function problem

A sales person has the following utility function: u(w, ?) = sqrt(w, ?), w is the hourly wage and ? is the number of hours worked in a typical day. This person is choosing between 2 jobs.

  Determine the total market value of the firm

Suppose you are an industrialist begninning a biotechnology company. If your research is successful, technology can be sold for $30 million. If your research is unsuccessful, it will be worth nothing.

  Find the expected return for overall stock market round the

assume that the risk-free rate is 3.5 and the market risk premium is 5. what is the expected return for the overall

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd