Is market capitalism necessary for freedom

Assignment Help Microeconomics
Reference no: EM13698281

1. Is market capitalism necessary for freedom? Explain why or why not.

2. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not?

3. What causes macroeconomic instability of market capitalism? Explain.

4. How does the U.S. economy compare with other market capitalist economies with respect to its degree of industrial concentration and the nature of its antitrust policies?

5. What are the limitations of central planning?

6. According to Marxian labor theory of value, what is the value of a piece of capital equipment?

7. Why in most modern economies is sachet unlikely to be able to resolve major income inequalities?

8. What are similarities between Roman Catholic and Islamic economic views?

9. What are some of the reasons that the U.S. has greater degrees of income and wealth inequality than other high-income market capitalist economies?

 

10. Some studies suggest that higher income inequality is more readily accepted by the U.S. population than it would be in other high-income countries. Why might this be true?

Reference no: EM13698281

Questions Cloud

What are the potential benefits to mothers : What are the potential benefits to mothers to raise a child while doing? what are the potential problem?
Retained earnings to finance an investment project : A firm has enough retained earnings to finance an investment project. For this firm, the market interest rate:
Production function short-run-long-run production function : The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital. I..
Describe your personal values and spiritual beliefs : Describe your personal values and spiritual beliefs.2) Using the elements of cost, quality, and social issues to frame your description, differentiates your beliefs and opinions about health care policy. Give examples of relevant ethical princip..
Is market capitalism necessary for freedom : Is market capitalism necessary for freedom? Explain why or why not. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not? What causes macroeconomic instability of market capitalism? Explain. ..
Compute the irr and mirr for project erie : Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
Dynamic efficiency measures : The text defines an economic system as. Privatization in transition economies is often justified on the grounds of increasing. Which of the following legal forms of business organization provides for limited liability? Dynamic efficiency measures
What does the consolidated statements of earnings : What does the Consolidated Statements of Earnings-the income statement-tell you about the company and why is this statement important? What business decisions could be made using the income statement?
Cash-basis method : What standard-setters have said as to the superiority of accrual accounting relative to a cash basis. Do you agree with the justification offered for accrual accounting - Would a cash basis be easier or harder to audit than an accrual basis? Why?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd