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Compare and contrast the Rawlsian theory of poverty with that of Nozick. What changes to the economic foundation could be made in order to mitigate continuing poverty in many regions?
This is a sample essay question that I will be doing. Around 300 words please.
Write a paragraph explaining each concept as if you were writing for your 15-year-old sibling - Fiscal Policy and the Multiplier Effect
Which of the following would eliminate scarcity as an economic problem? Moderation of people’s competitive instincts. Discovery of large new energy reserves. Resumption of steady productivity growth. None of the above because scarcity cannot be elim..
Suppose that Jenny is the only consumer in the antique car market. Her willingness to pay for an antique car is $200,000. Based on Jenny's willingness to pay, plot demand schedule in the graph below utilizing the blue points.
Give some examples of items you own where you feel your Willingness to Accept would go up by receiving a substantial amount of wealth. Identify some other items for which you feel your Willingness to Accept would go down.
Assume the technology for producing personal computers improves, and, at the same time, individuals discover new uses for personal computers so that there is a greater utilization of personal computers. Which if the following will happen to the equil..
In your opinion, discuss when it makes sense to forego purchasing car insurance (assuming the state did not require it). In your answer, use moral hazard and risk aversion to describe your decision.
Problem associated with first video: Increasing transformation Consider the following utility function u(x1, x2) = x1x2. Calculate the MRS for this utility function. Compute and compare the MRS for the bundles (x1, x2) = (1, 2) and (x1, x2) = (2, 1)...
Calculate the long run profit for a typical firm. These are the given equations: P= -1/4Q+20 P= 1/4Q
An important point is about customer expectations. What customer expectations are there with respect to What, When and By whom in a project? What would you use to determine if the project was successful? What would a customer use?
You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. What is the inflation rate at the initial long-run equilibrium..
Average spending is $2,560. Those with a family history of cancer (4% of the population) spend $40,000 on average, and those with no family history (96% of the population) spend $1,000. Which of the following statements are true? You buy insurance be..
Why would your company have bid with a zero mark-up on some past tenders? Why didn't it win all of those contracts? What is the bid price that maximizes the expected contribution of the contract?
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