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The weight of anthropological, psychological, and historic evidence suggests that moral beliefs are relative to groups or individuals and there are no universal norms, let alone universally valid ones. Benedict argues that the term “morality” means “socially approved habits,” and the expressions “it is morally good” is synonymous with “it is habitual.”
Does that mean that there is nothing which is “intrinsically” or “unconditionally” or “absolutely” moral—or immoral?
Do you agree or disagree with Ruth Benedict’s ideas? If you do agree with her, does that mean there is nothing which is “intrinsically” or “unconditionally” or “absolutely” moral or immoral? If you disagree with her ideas please explain.
Describe what happens after the technological change. What happens to the wage in the long run? What happens to the population size in the long run?
What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics? Discuss the impact of rational self-interest on each of the following decisions. Suppose you go to a restaurant and buy an e..
If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
Illustrate what risks do you face. Upon inquiry at your bank, you find that the forward price for a September contract to buy dollars is 10SKr per dollar. How might you hedge your exchange-rate risk for the first year.
The average fixed cost function is monotonically decreasing.The marginal cost function intersects the average fixed cost function where the average variable cost function is a minimum.
Bonds issued by the U.S. Treasury consistently have lower yields than other bonds mainly because:
What is the company -level production function. You are currently using three printing presses and five employees to print 100 sales manuals per hour.
In general, do you favor having government more and more power to regulate private industry? Please provide documentation for your answers. Feel free to comment on the postings of your fellow students.
Suppose a firm faces the inverse demand curve P = 600Q– 0.5. The firm has the total cost curve TC = 1,000 + 0.5Q1.5. Find the firm’s profit- maximizing output, price, and profit.
For a typical firm producing 100 units of output, short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30.
q1. given an exchange rate of sf1.25 1 how do the car prices of both countries compare?q2. the payoff matrix of
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
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