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Economic Inequality Sample Homework
Question: Explain why inequality is considered to be a social “bad” by many people. In what way could inequality be a social “good”?
Microeconomics, Economics
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Question: Assume that a competitive economy can be described by a constant returns to scale (Cobb-Douglas) production function and all factors of production are fully employed. Holding other factors constant, including t ...
Question: Below you find several incidents that are the consequence of shifts in either Money Supply or Money Demand. First, tell me whether the instance is due to a Supply or Demand shift. Second, state which specific s ...
Question: Discuss the concepts of engineering projects and their investment profile. How would you assess the economic feasibility of engineering projects in your organization? Give examples from your organization to sup ...
Question: Monty Hall (the host of Lees Make a Deal) has presented Fred with the choice of three doors. Behind two of the doors are "booby prizes." A new car is behind the other door. Fred selects a door (#1, for example) ...
Question: Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150. a. What is the interest rate Ford is paying on the borrowed funds? b. Suppose the marke ...
Question: 1. What motivates Baby Boomers? What motivates Gen Y? Why are they similar? 2. c 3. Are there any differences with different ethnic groups across generations? 4. What are companies doing to increase employee sa ...
Question: Why do you think the Japanese government permitted the to become so overvalued in the first half of the 1990s? Do you think they could have done anything about it? When the turnaround finally did occur, the fel ...
Question: The United States currently uses a voting system called "first past the post" in elections, meaning that the candidate with the most votes wins. What are some of the problems with a "first past the post" system ...
Question: Assume that X is produced in a perfectly competitive industry where firms that currently operate and potential competitors both have identical cost curves. Current output is 1 million units a year. What happens ...
Question: As a manager, one of your responsibilities is to monitor recent changes in inflation. However, the recent statistics appear to be quite confusing. The CPI rose only 0.1%, but the PPI for finished goods increase ...
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