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(a) Name two famous economists who in your view are suffering confirmation bias.
(b) Reflect upon the people you just named: if both are economists with whom you disagree, your response to (a) might itself be an expression of confirmation bias.
To what extent is to greek proverb "Happiness is the full utilization of your capacities along lines of excellence." similar and different from the traditional definition of economics.
Why is it complicated to determine the Pareto superiority of how incentives are allocated? 3 sentences please
Question 1: What is liberal economic theory, and what type of economic system does the theory explain?
What legislation introduced Medicaid, and what are the funding sources for the program? What are some of the changes, including CHIP, that have occurred to the Medicaid program since its inception?
Restrictions on entry and amount of goods produced in production and retail business are usually objected to by economists. Indeed, such restrictions are considered a major source of divergence between the marginal willingness to pay and the marginal..
A company produces chairs and wood chips in fixed proportions in the same production process : every chair produces one kg of wooden chips
There are two goods X and Y. Tabithas Utilities are given by U = 1/3X2 + 2 Y1/2. If the price of X is $2 and the Price of Y is $0.75 What is Tabithas optimum b
Suppose that the monthly demand for AIDS treatment is Pn = 100 − Qn in North America and Ps = 60 − Qs in Sub-Saharan Africa due to lower income. The marginal and average variable cost of producing a month’s treatment is $20. Derive the monopolist’s t..
You are the manager of a large crude-oil refinery. As part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year.
What is the law of supply? Give an example of how you have observed the law of supply at work. What is the relationship of the law of supply and the supply curve?
Describe the Heckscher-Ohlin model (also known as the factor endowment). How does it predict countries will emphasize their comparative advantage?
Let's say your current unit of study is "Symbols of My Country". How might you consider diversity and differentiated instruction as you plan for this unit?
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