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1. Explain and argue Thomas Sowell: traditional justice, which is defined as applying the same laws, regulations, and standards to everyone as in a court of law, and cosmic justice, which is described as equalizing everyone's chances and outcomes.
2. Explain and argue Sowell contends that because justice exists entirely between individuals, it is by definition social, implying that there is no such thing as unsocial justice.
3. Explain and argue Subsidiarity and Sphere Sovereignty-Subsidiarity is a theme of Catholic social theory
A firm is producing 100 units of its product. At this level of output the AVC=$80, and the ATC=$120. The firm is a price taker and the price for its product is $100. Assuming that the firm is maximizing profits and that labor is the only variable inp..
Write SQL DDL corresponding to the following schema. Make any reasonable assumptions about data types and be sure to declare primary and foreign keys.
Illustrate what best depicts se events on market for recycled materials. Price remained constant.
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. Estimates suggest t..
Autonomous aggregate expenditures decreases by $200 million, the marginal propensity to consume is 0.50, marginal propensity to invest is 0.25, and the marginal propensity to import is 0.10. Calculate the change in income.
The demand for shoes can be expressed as Q = 100 - 10P., where Q is quantity and P is price.Using the midpoint method, what is the price elasticity of demand when the price of shoes goes from $5 to $6?
A. What is the mean? B. What is the median? C. What is the mode?
Explain why capital flows cause imbalances in the current account. Post to the discussion board your 200 word answer focusing on selecting and organizing your most relevant comments in a coherent fashion.
Who would pursue the first objective (maximizing revenues). Explain how could Ralph Lauren s managers provide an incentive for profit-maximizing behavior.
Suppose leather jackets is a substitute in production of leather bealts. A decrease in the price of leather jackets will ________ the equilibrium price of leather belts and _____ the equilibrium quantity of leather belts.
1. Define perfect competition. Explain how this theory has or does not have (in your opinion) relevance in economic theory. 2. Briefly explain how Robinson and Marx defined labor exploitation.
Suppose if the price of a good is $5, the quantity demanded is 100 units; when the price is $7, the quantity demanded is 80 units. Use the midpoint approach to compute the price elasticity of demand. Is demand at this point relatively responsive or r..
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