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Does envy of those who are rich depend on the source of that wealth? For example, consider two people who are both equally rich. One of them worked eighty hours a week year after year to accumulate her wealth, while the other won the lottery. Would the envy felt by others toward each of these people differ? How so?
Describe recent financial crises and describe the effect that destabilized credit, mortgage, derivative, and insurance markets have had on national economies and assess the stabilization policies implemented to address them. Compare and contrast two ..
What are some of the online fraud schemes that you have heard about, and what do you think is the next online fraud scheme that will make the 5 o'clock news?
Do you consider yourself an early adopter when it comes to trying out new products or new fashions, or do you tend to take a wait-and-see attitude? How does your attitude toward new products and new ideas influence your decision making as a consumer?
What is the definition of The Spirit of Capitalism? What religion is most popular in governments with free capitalism?
Given the following diagrams: Q1 = 16 bags. Q2 = 11 bags. Q3 = 23 bags. The market equilibrium price is $37 per bag. The price at point a is $85 per bag. The price at point c is $5 per bag. The price at point d is $52 per bag. The price at point e is..
The Kuznets ratios satisfy the Dalton transfer principle. If the Lorenz curves of two situations do not cross, the Gini coefficient and the coefficient of variation cannot disagree. If a relatively poor person loses income to a relatively rich person..
A monopolist is deciding how to allocate output between two geographically separated markets. Demand and marginal revenue for the two markets are: The monopolists total cost is C = 5 - 3(Q1 + Q2 ). What are price, output, profits, marginal revenues, ..
If we can get foreigners to give us real goods and services and talk them in to taking pieces of paper in return why should we want anything different?" Do you agree or disagree with this statement?
After rallying for the most of February to reach record highs late in the month, the S&P 500 stock indez fell sharply on Friday March 6 following news that the economy added 295,000 jobs, bringing the unemployment rate down to 5.5%. An analyst has be..
Explain how can the central bank use the monetary policy to promote economic growth and fight recession.
The Classical School of economic thinking is quite different from the Keynesian School. The adherents believe in different roles for government and have different ideas about what drives an economy and even what an economy is and how it functions. Ex..
Emma spends all her money on sneakers and coffee. Emma’s budget is $50 and the price of sneakers is $10. The optimal bundle for Emma varies with the price of coffee and is as follows: According to the information above what is the price of coffee in ..
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