Q7-10

What is the value base of communitarian capitalism?

In 18th century Europe, governments gave guilds legal authority to limit production of goods. This authority obstructed the market mechanism because the guild's actions prevented the forces of ________ from coordinating the self-interested decisions of producers and consumers. absolute advantage demand and supply opportunity cost nature

Please try to explain why under certain circumstances, government interventions are better than doing nothing? You need to answer this question step by step like the following: (1) Why are we living in a second-best real world? What are the differences between the second-best reality and first-best world? (2) Why do we say that in the second-best reality, free trade may result in deadweight losses? (3) Please use a diagram to explain when does government should protect domestic production or employment? (4) Please further explain whether tariff is the best policy to protect domestic production and employment? If not, what is the better policy? And why is there better policy than tariff?

Eco 01

Which of the below statements DOES NOT capture Economics? Group of answer choices   Economics tells us that there is no theoretical limit to how well we can live or how widely our wealth can spread.   The economic prosperity of an economy requires that every person in that economy have a Ph.D. degree.   Wheelan argues that the free market system does not make poverty inevitable. Economic development is not a zero-sum game.   Even the most prosperous economy will contiue to require certain manual tasks that do not require advanced college degrees. These tasks cannot be replaced with automation. Expecting Ph.D.s or people with professional education to do such tasks will have a high opportunity cost.

Suppose that Gilberto, an economist from a business school in Georgia, and Juanita, an economist from a university in Massachusetts, are arguing over government intervention. The following dialogue shows an excerpt from their debate: JUANITA: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.   GILBERTO: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.   JUANITA: While I agree that government programs can be inefficient, I really think they are necessary to help the less fortunate. The disagreement between these economists is most likely due to _____________ (options: differences in values, imperfect information).   Despite their differences, with which proposition are two economists chosen at random most likely to agree? A. Rent controls will only add value to housing in a city. B. Free trade is usually preferable to the erection of tariffs and…

Suppose that Jacques, an economist from a university in Arizona, and Kyoko, an economist from a school of industrial relations, are arguing over government intervention. The following dialogue shows an excerpt from their debate: Kyoko: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Jacques: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Kyoko: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate. The disagreement between these economists is most likely due to Despite their differences, with which proposition are two economis differences in values differences between perception versus reality O Central banks should focus more on maintaining low une differences in scientific judgments O Business managers can raise profit more easily by reduc O Employers should not be…

Statement 1: "A consultant from the 'happy is productive' school of thought tends to approach business problems by examining the background of employees and then either constructing different arguments for people from different backgrounds to persuade them be more productive; or recommend firing employees from backgrounds that might make them unproductive." Statement 2: "A consultant from the 'good citizen' school of thought when faced with the possibility of cheating on an exam might try to reduce cheating by pointing out that most students don't cheat and doing it the honest way isn't that difficult." O Statement 2 is true, and 1 is false Both statements are true Statement 1 is true, but 2 is false Both statements are false.

Economics Discuss the median voter theory? Discuss the problem of collective action in political economy. Discuss why agriculture producers may receive protection but consumers are unlikely to lower the tariff rates.

Problem 1. In planet Krugman there are only two large countries, A and B. Demand (D) and supply (S) of a given good in each country are characterized by the following conditions: DA: P = 600 – 5Q SA: P = 400 – 5Q DB : P = 600 – 6Q SB : P = 300 + 2Q Assume all production is consumed. Pay also attention to the fact that the setup here involves just one good. a) Derive the autarky equilibrium prices and quantities in both country A (PA, QA), and B (PB, QB), separately. b) Derive the the free trade equilibrium price (PFT).

Which one of the following models emphasizes on liberty and free choice? The American model Beveridge model Out-of-pocket model Bismarck model

Which of the following refers to an economy which most economic decisions are made by the government and not by buyers and sellers who may be individuals or firms?         Financial Capital markets       Free markets         Command economies     Market-Oriented economies

Compare and contrast political economy and political system.

How did sectarian violence influence the shaping of some parts of the West?

Under its former President Hugo Chavez, Venezuela moved from a Capitalist economy to a Socialist economy and has remained so after Chavez’s death. For example, the government took over and now operates a chain of stores that used to be run as a private business. Prices in the government-run stores are lower than prices were in a Capitalist economic system. The government posts signs in these stores like the one below: In case you don’t read Spanish, the sign says:                                     Product Description                Diana Oil                                     Fair Price                                 4.73                                     Capitalist Price                        7.00                                     Your Saving                             32%   The implication, of course, is that prices in a Capitalist economy are not fair. Explain whether or not this is true. Be sure to address each of the following in your explanation: 4. in a Capitalist…

Is capitalism humane?

what theory is biased on the idea that two economic systems capitalism and socialism will eventually adopt features of the other until there is a hybrid economic system in all societies?

Question 3 During the          ["Tang", "Sui", "Song"]         dynasty, sports became less orientated towards military training and more geared toward entertainment. The culture of consumerism in China that supported public displays of athleticism is reflected in the fact that China produced    ["30%", "50%", "75%"]     of the global GDP.     Question 4 The cloistered government that the textbook discusses as being characteristic in Japan is about how former emperors who became Buddhist monks would then rule through their young son/heir. Group of answer choices True/False

What are two characteristics of a Political Economy that are conducive to entrepreneurs (i.e., they create an environment that encourages the formation of new businesses)?

How does the historical institutionalist approach of political economy differ from rational choice approaches?

Mentality: after Cambridge dictionary the particular way in which a person or group thinks about something (Cambridge: the particular way in which a person or group thinks about something)

Within a laissez faire system, the government should only perform those activities that the private sector of the economy is incapable of? What kinds of activities do you think the government ought to                           legitimately perform in a laissez faire system?

To what extent should government influence the economy of a democracy such as the United States?

The idea of having three branches of government that share power is most consistent with which sociological perspective? Shared Governance Theory Functionalism Conflict Symbolic Interactionism Rockefeller's Standard Oil Company was in a position to issue commands and dictate the price of oil to oil producers by virtue of its monopoly on oil refining. This serves as an example of domination by O power. O economic power. O authority. none of the above. How do contagion theory and emergent norm theory differ in their explanations of collective action? OIn contagion theory, people take their cues from those nearby. In emergent norm theory, everyone takes their cues from a few key individuals. In contagion theory, collective action is spontaneous, whereas in emergent norm theory, it is the product of deliberate planning. O Contagion theory is about the spread of antisocial behavior, while emergent norm theory is about the spread of prosocial behavior. Contagion theory is about unintentional…

In Germany in 2009 there was considerable debate about the extent to which the government should be intervening in the economy. For example, its citizens were worried about the future of Opel, a German car brand that was part of the ailing General Motors. Some wanted the government to make sure jobs were saved no matter what. Others, however, were more hesitant and worried about becoming the government becoming too interventionist. Traditionally since the Second World War the German government has seen itself as a referee in market issues and has avoided trying to control parts of the economy. It would regulate anti-competitive behaviour, for example, but not try to run many industries. However in the recession of 2009 when the economy was shrinking the government was forced to spend more to stimulate demand and had to intervene heavily to save the banking sector from collapse. The government also had to offer aid to businesses to keep them alive.Questions1. What are the possible…

need correct answer with explanation

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products most wanted by consumers would be to: A) Permit government owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations. B)  Allow private ownership of businesses, but make use of extensive regulation to force businesses to behave in a socially desirable way. C) Allow entrepreneurs personal freedom to follow their own self-interest. D) Impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output.

Consider the issue of government intervention in a market economy. Please provide brief discussions [five to ten lines each] on each of the following issues. How to go from non-interventionism to the possibility of public intervention. How to go from the possibility of public intervention to the actual endorsement of public intervention.