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Question: What is a just society? Which of the three theories of economic justice discussed in Chapter Three (utilitarian, libertarian, or Rawls's theory) do you feel would best create such a society? Why have you selected this theory and rejected the others? If our society were to be structured to incorporate the theory that you selected, would there be any negative impacts on you or on those whom you care about? What would these be?
Determine the Price Elasticity from the Characteristics and make up numbers to use. Be sure to identify this if you use this approach.
What is the critical discount factor to sustain collusion using grim punishment strategies if detection of deviation requires two periods?
Calculate the equilibrium quantity of employment and wage rate in this labor market. What is the principle-agent problem between employers and employees in a labor market?
What factors would you consider in designing a corporate culture that promotes the business's growth and profitability?
What price do you expect allowances to sell for and if the government decides to implement a tax rather than a cap-and-trade system, what should be the tax rate?
In 2000, the Federal Reserve took policy measure to slow down economy. this decision generated some controversy since the actual inflation rate was below 3%. Justify the Fed's move. in this regard, where did they think the actual level of US real GDP..
The university is considering level of light on campus. Tim, Shirley and Cynthia are the only students who work on campus. Tim's Marginal Benefit MB = 60 - 3Q, Shirley's MB = 20 - Q, and Cynthia's MB = 5, where Q is the level of light. If there are n..
What should be the amount of her quarterly deposits in actual dollars? Support your answer with all necessary steps
Both countries have the same rate of depreciation (5%). Use the Solow model to calculate the ratio of their steady state levels of income per capita, assuming ? =1/3. a) Verbally, interpret your answer. b) How would your result change if ? =1/2?
IS Curve Exogenous Variables and Parameters Given the values in the table above, the real interest rate r = ________ when equilibrium output Y = 15.
Why is the firm's demand curve flatter than the total market demand curve in monopolistic competition?
How could the experimental results be considered as supporting the IA model - the IA model predicts that fair-minded agents will choose a lower level of effort with respect to purely selfish agents. Why could this happen?
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