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1. Do you find one of the political philosophies easier to agree with or easier to justify? Which do you most closely align with, and why?
2. Consumer choice theory tries to quantify everything - can this be done? What would you argue is something that people value that cannot be quantified? Does this way of thinking seem useful to you?
3. What are situations in life where asymmetric information is most harmful? What are ways that you or someone else has tried to overcome this obstacle?
4. The development of public choice and political economy studies is based on the ideas that nothing is sacrosanct: we can question the decisions of everyone, including the government. Why would we question the decision making of government officials?
Ultimately, power to change inside a corporation comes
What problem does charging a deductible help solve? What might happen if insurance companies didn't require a deductible?
Suppose the government regulates the price of a good to be no lower than some minimum level. Can such a minimum price make producers as a whole worse off? Explain.
When there is a binding price floor
biofuels are increasingly being used as an alternative source of fuel. this is due both to constraints on the supply of
1. consumer-driven health plans as a patient write your recommendations to accept or decline at least three types of
Explain the importance of the easy export substitution stage of industrial transformation as a means to absorb labor from less productive sectors, particularly.
National Scan, Inc., sells ratio frequency inventory tags. Monthly sales for a 6-month period were as follows.
there are three alternative plans that indicate the benefits and costs associated with the construction of a manitoba
Calculate the price elasticities of demand for A and B at P=30, 20 and 10. How does the elasticity change as you move down the demand curve?
To what effect (income or substitution) do you attribute the change in utility levels between part a and part b?
what method is used to ration goods in a market economy? how does this rationing method influence the incentive of
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