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(1) What is the problem of "deservingness"? In other words, why is it the case that claims about moral desert--i.e. claims about what people deserve--are neither sufficient nor necessary for determining the justice of the market's distribution of income and wealth? (Sandbu, pp.160-66)
(2) How is distributive justice understood within the utilitarian ethical tradition? And what is meant by the diminishing marginal utility of money? Lastly, how would utilitarianism solve the problem of Lee Raymond's executive compensation? (Sandbu, pp. 166-69)
(3) 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)
Explain the purpose of rent control and the intended effect on consumers and suppliers of rental property. Does rent control achieve its purpose Using the Internet or the Virtual Library, give some detail regarding real-world experiments in rent cont..
Calculate nominal GDP for 1997. Show your work. Determine whether there was a recession in 1998 (assume that when an aggregate increases/decreases from one year to the next, it also increases/decreases in each quarter within that year). Show your w..
If a single bank faces a requires reserve ratio of 20 percent, has total reserves of $500,000, and checkable deposit liabilities of $400,000
Suppose that the tradeoff between unemployment md inflation is determined by the Phillips curve: U = u^n - alpha (pi-Epi) where u denotes the unemployment rate, pi?
Explain how it affected the components of GDP and why. What happened to other macroeconomic variables? Eg interest rates.
While browsing internet, what do we call the area of storage that compensates for the different speeds of data flow or timings of events by temporarily holding a block of data that is waiting to be processed?
Consider the following interaction between two entrepreneurs (players 1 and 2) who are working on a joint project, and a venture capitalist (player 3) who is a potential investor in the project. First, player 1 decides whether to devote high or lo..
The total operating revenues of a public transportation authority are $100 million while its total operating costs are $120 million. The price of a ride is $1 dollar and the price elasticity of demand for public transportation has been estimated t..
You are the money manager of a $2 million dollar portfolio. The portfolio consists of 4 stocks with an equal investment in each one. The betas of the 4 stocks are 1.25, -1.75, 1.00 and 0.75. The market's required return is 12% and the risk-free ra..
Prepare a two page essay and answer the questions - analyze the behavior of the markets for goods and money for each area.
Under the expectations hypothesis, if long-term yields are higher than short term yields, does this mean that future long term rates should go up, down, or stay the same?
1. The level of your understanding of the key concepts of the major macroeconomic indicators. 2. Some in-text references to modular background readings (APA formatting encouraged).
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