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California prisons are overcrowded. The State has the choice between building new prisons and relaxing parole standards (so that prisoners are released on parole earlier). Due to the budget crisis, it has chosen to relax parole standards.
a)In light of the studies discussed in O'Sullivan, what will be the effects of the policy on current and future crime rates, on the social costs of crime, and on the utility of legal citizens and criminals?
b)Do you favor the policy?
c)In his State of the State address, Governor Schwarzenegger resolved to spend no more on prisons than on higher education. Will the early release policy increase or decrease the costs of the criminal justice system?
China and Japan have 2factors of production, land and labor. Both countries produce 2-goods, corn, which needs more land, and computers, which needs more labor.
America takes 10 hours to make a cup and 5 hours to make a bag. In Britain the two goods cost $24 and 6 hours. America has 40 hours of labor available. Which goods does America export. Which country has the higher wage?
Assume that the United States and Canada are planning to trade. Suppose there are only two goods in the economy: potatoes and rice.
Smith is a currency trader and reviewing forward foreign exchange rates. His investors have made several statements regarding foreign exchange rates.
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front. As a result, the production of oranges was severely reduced. In addition, in early 2007, ..
Discuss the characteristics of international, multidomestic, global, and transnational strategies. Include situations and a specific example in which each strategy would be most appropriate.
Explain the relationship between the AC, MC, AR and MR curves at this long-run equilibrium position and does the diagram represent the short-run or long-run position?
Suppose you are the owner manger of an innovative computer software firm, and your latest item is so revolutionary and superb it has resulted in your firm controlling 98 percent of the industry in terms of total sales.
Evaluate and compare the "vertical restraints" of the two industries / sectors for the purposes of assessing the consequences of these provisions for strategic decision making.
International capital movements can bring major gains both to the lending or investing countries and to the borrowing countries, through intertemporal trade and through portfolio diversification for the lenders/investors
As your think tank expands its focus to international and global economic issues, Gabe wishes you to address the following condition and make a report on globalization
For a world in which international trade would be according to the differences featured in the Heckscher-Ohlin theory, the shift from no trade to free trade is like a zero-sum game.
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