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Is there are sensible relationship between Gross National Income (GNP) or GNP per capita and Life Expectancy (or Index of Health & Social Problems)? For instance, can we say that societies with higher national income live longer than those with lower national income?
How rich is the top 20 percent than the bottom 20 percent in the U.K., U.S.A., & Singapore? How would you compare that to countries like Japan, Finland, Norway, and Sweden?
Is the correlation between the Index of Health and Social Problems & Income Equality positive or negative? In other words, do health and social problems in a society become worse or better as income inequality within societies widens? How about between UNICEF Index of Child Well-Being and Income Inequality?
Do you believe that National Income measures are good indicators of average well-being for developed nations? Why or why not?
How do you compare homicide rates in the U.S. States (where income inequality is wider) with Canadian Provinces (where income inequality is narrower)
What can you say about social mobility in the U.S., U.K., Denmark, & Finland?
Can you summarize the problems of larger income gaps within societies?
What are some psychosocial effects of inequality in a society?
What can be done to reduce income inequality?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
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: - 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..
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: - 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.)
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?
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..
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: 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:- 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..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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