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Small businessmen, such as Archie was at the beginning of the book, are often idolized in our society. Americans are much more ambivalent about "big business," often seeing large businesses as both important (source of jobs) but predatory and overly powerful. From the point of view of a worker (such as Mollie), which do you think is preferable to have as your employer? Whatever answer you give, state your reasons. If this discussion goes well, before the week is over we should have some good "arguments" on the discussion board on this question. Universal was lured to Mississippi with the promise of cheap labor and a non-unionized workforce. But Simpson County Mississippi also passed a $41 million bond issue to build the company a factory to operate in, and another $200,000 bond to cover infrastructure costs such as road, sewer, etc. improvements for the new factory. Subsidies to companies like this started in the southern states in the 1960s, but eventually spread throughout the country. And they have gotten bigger and bigger; recently Alabama spent over $200,000 per job to lure an auto factory to the state. From the point of view of a worker, how do you evaluate such subsidies? Are they nothing but "corporate welfare," giving public money to undeserving rich corporations? Or, are they wise investments, partnering with the private sector for greater prosperity for all? Discuss, going over both arguments and counter-arguments.Martin Luther King believed in unions. He argued that economic advancement for blacks was crucial for the emancipation of African-Americans, and that unions provided a more just and democratic society. Some criticized him for doing so, arguing that he should "stick to his own issue only" and not ally his civil rights movement with the cause of labor. Discuss these two points of view. Which do you agree with more? Use facts from the video and from the reading to back up your viewpoint.
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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