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Federalism and the Individual
How does federalism affect policy development?
How then does policy development affect the rights of the individual?
What is the overall effect? Why should we be concerned? Provide at least two examples to support your argument.
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
Please Explain why someone may make the following seemingly contradictory statement: “High administrative costs are good because they sometimes lead to lower costs of providing health insurance.”
Mike's Cafe is a profit-maximizing, competitive coffee shio. Mike charges $2 per cup. His total cost each day is $150, of which $75 is a fixed cost. He sells 50 cups a day. What can you say about Mike's short-run decision regarding shut-down and his ..
Explain graphically how isoquant-isocost analysis can be used to derive a long-run labor demand curve. Distinguish between the substitution and output effects. How might a wage differential between two regions be reduced via movements of capital to t..
Suppose that the U.S. the demand for phones is given by P=700-Q that the supply is given by P=200+Q. In Korea suppose the demand is given by P=600-Q and supply is given by P=50 + (Q/2). Please regard phones as a homogenous product. Prices are all in ..
The theoretical model of the inter temporal budget constraint for the U.S. economy as a whole suggests that the most common pattern seems to be that:
Elle's preferences over apples (A) and bananas (B) are represented by the Cobb-Douglas utility function; u(A; B) = AB. Write down the optimization problem. What is the objective function? What are the choice variables? What is the constraint? What a..
We say that the consumption bundles that Mei can afford but that do not use up her entire income lie:
Banks manage their assets in a variety of ways. Explain the importance of “liquidity management”? What is the concern of the bank in regard to the liquidity of its assets? What can banks do to management liquidity risk?
The mission statement for the Organization of Petroleum Exporting Countries states, “the mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the ..
Illustrate what effort level would maximize profit per period. Illustrate what is the maximum profit per period in this fishery.
On her 25th birthday a young female engineer decides to start saving toward building up a retirement fund that pays 6% annual interest, compounded monthly (market interest rate). If she plans to save by making 480 equal quarterly deposits, what shoul..
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