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Question 1: What is Robert Nozick's understanding of distributive justice? In other words, how does a libertarian like Nozick justify entitlements? Keeping in mind Nozick's Wilt Chamberlain example, how would a libertarian solve the problem of Lee Raymond's executive compensation? (Sandbu, pp. 169-71)
Question 2: What principles of justice would rational people agree to in John Rawls's hypothetical "veil of ignorance" social contract thought-experiment and why? Explain the implications of Rawls's difference principle (on p. 175) for business ethics. (Sandbu, pp. 172-76)
Evaluate the 3 goals of the Fed, which are price stability, full employment and economic growth. Which one do you think is the most important goal for the Fed to focus on right now? Also, what would be appropriate monetary policy for the Fed to he..
Give an example of an event that would shift the demand curve for secondary tickets to the Badger football game leftward. Explain your reasoning.
Pretend you are a neoclassical (free-market or environmental economist), new institutional (transaction cost or ecological), and instutional economist-from the perspective of the cost benefits of "going green" for major utilities (electricity, was..
What are the types of circumstances under which price discrimination violates antitrust? Use the handout to illustrate your answer (examples included in Section 15.5 – Antitrust: Price Discrimination and the Robinson-Patman Act).
What role does advertising play in this market? Is this consistent with what you've learned about advertising and oligopoly in this course?
Calculate the six firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry
What is the impact of the older work force (retirement age) not retiring due to the effects of the recession - more specifically, how does it impact on unemployment number (less jobs for the young)?
What do you observe from the chart? Can you create your own chart using FRED? Search for some other important macroeconomic series, say for example GDP.
Discuss the three ways in which agricultural output can be increased. What were the most common routes to growth of output in the past? What is the most appli- cable route in the present?
What is average productivity and What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the productio..
Assume $92,500 is an accurate estimate of the annual savings that will result from this investment, but it is not clear how long the machine will be used. Assuming that the salvage value decrease linearly from $500,000 to $50,000 over a 10-year in..
Janet just got her credit card bill. The bill is for a 30 day billing period. The bill indicated that she started with a $900 balance, on day 14 charged $200, on day 20 charged $99, on day 26 paid $500. There was no other activity on the account duri..
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