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1. Explain the differences between Elitist, Populist, and Moral Panic.
2. Does Harm Reduction work? Why or Why not? What are the accompanying messages with Harm Reduction?
Compare the view that governments conduct trade policies to maximize social welfare and the alternative view that governments respond to pressure groups.
What is a strategy that you use to help you relax and focus before starting your work day? Would you consider this practice a waste of time or essential to prom
Strikes will be less successful if…
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 150 items per hour. If you assign three ..
When the economy is regularly hit by TFP shocks we say the one-period model is useful because it realistically predicts that : Suppose that in the one-period model the government wants to maximize output and the time endowment is expressed in hours (..
Two siblings, Sarah and Tom are playing a simultaneous hit and tell game. Sarah can hit Tom or not and Tom can tattle on Sarah or not. Relative to no hitting and no tattling, if Sarah hits Tom, and he tattles they both experience a loss of 10. If Tom..
A manufacturing firm spends $500,000 annually for a required safety inspection procedure on its production lines.
Explain why does a newspaper dispenser open to a stack of newspaper and essentially "trusts" a consumer to take just one copy.
how will my answers change if supply was perfectly inelastic. If supply was perfectly elastic. If demand was perfectly inelastic. If demand was perfectly elastic.
jim likes to go to church but he also likes to drink wine. Unfortunately for jim the consumption of one of these goods reduces the enjoyment of the other. Draw the indifference curves that display jims preferences
Economists frequently point out that factor movements between two countries can be a substitute for goods movements between the countries in terms of the impact on relative factor prices in the countries. Explain why the two types of movements can be..
Suppose the welfare benefit formula is Benefit=$4,800-0.67(wages>$6,000) what is the marginal tax rate on The first 6,000 of wages? Wages above 6,000 How large is the benefit if wages equal $0? $4,000 and $4,800, $9000 and 7,000? What is the breakeve..
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