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What are some of the different types of judicial philosophy in how to interpret the law? Outline the theories of judicial restraint and judicial activism. What are some of the advantages and disadvantages of each theory? Explain. Lastly, give at least 2 examples of how current laws are related to judicial restraint or judicial activism. Keep in mind the U.S. Constitution's amendments.
In most developing countries, the empirical studies show that there is extreme inequality in the distribution of education. A small section of the population is very highly educated and the majority of the population has practically no education at a..
A loan of $100,000 is taken out which requires an annual interest payment of 6% of the outstanding principal. If no principal payments are made over time and inflation is 3.1% per year, the payment at the end of year four is:
An industry said to be characterized by monopolistic competition is the apparel industry. In May 2015, a Wall Street Journal article on apparel pricing began this way: “Remember all the nifty bargains you found shopping for clothes last year?
Find out the aggregate economic effects of the combination of the shock to the economy and the government's response to it.
What role does Mudaraba allow IAH, in their capacity as Rabbul Mal.
An industry consists of three firms with sales of $310,000, $725,000, and $405,000. Calculate the Herfindahl-Hirschman index (HHI). Calculate the four-firm concentration ratio (C4).
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
Why is consumer surplus never negative? What is consumer surplus? Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate equilibrium quantity. Consider a market with a demand curve of P=24-2Q and a supply curve of P=3..
Which of the following is not a characteristic or focus of microecon?
The difference between a basic “cost-benefit analysis” and a “cost-effectiveness analysis”. In addition, tell me a potential scenario where a cost effectiveness analysis should be used instead of a cost benefit analysis.
N players are competing for a prize of 20 dollars. Who wins the prize is determined as follows. Each player submits a real number between 0 and 100 simultaneously. A player wins if his number is the closest to 2 of the average of the numbers of all N..
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,900 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. Compute the total cost of lordi..
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