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1. Why are private property and freedom of choice essential components of a market system? What would be the consequences if we lived in a society that did not honor the right of private property? Try to compare the United States with a "command and control" economy
2. What role does freedom of choice and self-interest play in capitalism? Why are these attributes critical to the operation of a competitive market economy?
3. Discuss the issues of one current trade negotiation. For example, in March 2006, the Bush administration was contemplating reducing tariffs on cotton to the benefit of African nations. In your discussion, describe why tariffs and quotas were instituted in the first place, what changed, the setting the actors involved, who will benefit, who will lose?
One of the best ways to develop a policy on organizational discipline is to establish a corporate code of ethics with consequences attached
consider a man with 16 years of education and 2 years of experience who is from a western state. Use the result and the method in key to estimate the expected change in the logarithm of average hourly earnings (AHE) associated with an additional y..
Some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the production of both, rather than oil alone as in our examples. Will fields with both oile and gas have greater difficulties in unitizati..
Write a mission and a vision statement for British Petroleum (BP). Identify British Petroleum's (BP) key stakeholders and map these stakeholders in terms of the power/interest grid.
How do open standards affect market development? Be sure to discuss the pros and cons of open standards. Give a real world example as part of your discussion
When was the Federal Reserve created and for what purpose? How does the Federal Reserve manipulate our economy to foster economic growth?
You are considering the purchase of a new high-efficiency machine to replace older machines now. The new machine can replace four of the older machines.
Write a 2 page essay on the winners and losers of globalization. Look at countries, multinational corporations, workers, the environment and national security.
The textbook claims that standards are both necessary and dispensable. What does that mean? What are the implications of this paradox for the application of corporate responsibility standards?
The Hanover Manufacturing Company believes that the demand curve for its product is P = 5 - Q-Evaluate the wisdom of the firm's pricing policy
(i) Describe briefly the three forms of the efficient market hypothesis and the relationship between them? (ii) What are the major difficulties involved with testing for informational efficiency?
Suppose an economy only produces single consumption well. Consider permanent upward shift of production function. Graphically describe the effects on each of following:
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