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Outline how neoclassical economists derive the law of demand and then criticize neoclassical consumer/demand theory from a heterodox perspective in light of real world consumer behavior (include Veblen's and J.K. Galbraith's critiques).
In two pages: What are the differences between a Scanlon Plan and a Rucker Plan? Which do you think would be more beneficial to employees? In general, do you think gainsharing plans are a good idea? Does your answer depend on whether or not a union i..
His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find the mean and standard deviation of the total payments he will receive.
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4. Determine how much the consumption of this good will chang..
Please provide and discuss two examples of positive externalities and two examples of negative externalities regarding government regulation on business. Choose any two of these four examples and discuss what the government could do to correct these ..
From your personal experience, discuss a situation you have faced that would require one of the six elements of moral judgment. Identify the element of moral judgment you chose and justify your response.
The PPF shows us the limit of how much we can produce. Is the PPF the limit of how much we can consume? If not, explain how we can consumer more than our PPF?
What two parts of government determine the federal budget? According to the quantity theory of money, when the money growth rate is significantly lower than the growth rate of potential GDP = real GDP, the economy is experiencing
Economies of the Countries X and Y satisfy the Solow model with α = 1/3. In Country X the rate of investment is 7%, and in Country Y it is 28%. The two countries have the same levels of productivity, A, and the same rate of depreciation, δ. 8. What i..
What is the resulting deadweight loss relative to the competitive outcome. Compute the Lerner Index for the monopoly described in the question above.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
Introduce the debate surrounding abolition vs. equality and how it led to the American Civil War. Why were there significant fears about the impact of freed slaves in the North? Who had the most to win/lose? Your response must be at least 200 words i..
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