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Is Cassidy's characterization of the thinkers he discusses in Part I of How Markets Fail (Ch. 2-8) as "utopian" a fair assessment? Why or Why not? Choose at least one neoclassical (Hayek, Walras) and one chicago school theorist (Friedman, Fama, Lucas) to frame your answer. Please provide as much information possible.
How do you draw aggregate demand and supply curves for inflation and deflation showing price level and GDP? Suppose the economy faces a recession, how will the federal bank stimulate the economy ? How can Hymen Minsky's theory can be linked to the fi..
How large is economy of India? Indian GDP in 2010 was 78.9 trillion rupees,while U.S GDP was $14.5 trillion. The exchange rate in 2010 was 45.7 rupees per dollar. What is the ratio of Indian GDP to U.S. GDP if we do not take into account the differe..
Social security is a pure transfer program because
If we assume interest rates of 5%, 10%, and 15%, how long would it take to obtain the amount of money that is two times, three times, four times, and five times higher than the investment we made?
A producer of various kinds of batteries has been producing "D" size batteries with a life expectancy of 87 hours. Due to an improved production process, management believes that there has been an increase in the life expectancy of their "D" size bat..
Part of developing a long-term R&D strategy is to locate facilities in countries which are widely known to be competitive. Your company seeks to develop R&D facilities in Asia to counter recent competitor responses. A publication which evaluates econ..
Why have ethics and social responsibility become so important in recent years? Why is it important that marketing ethics be incorporated into the firm's strategic plan? Give an example of a firm that does a high quality job of being socially and ethi..
If adverse selection, moral hazard, and holdup are such significant problems for firms pursuing alliance strategies, why do firms even bother with alliances? Why don’t they instead adopt a “go it alone” strategy to replace strategic alliances?
A company is considering investing in a project that requires an initial investment of $75,000. The operating and maintenance costs are expected to be $5,000 per year for the first 5 years and then increase by $500 every year for the next five years...
Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes?
Is there some summary article on using variation in US bequest taxation as natural experiments? Has there been variation over time or over different states? Is there perhaps a paper that already has used this?
Assume the demand for a good is price inelastic, i.e., ed
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