2. How important is social media for the transmission of political informationwithin contemporary American politics? What are some potential advantages anddisadvantages to reliance on social media for political information?3. Do you think that negative campaign ads are effective? If so, in what ways arethey effective? If not, then why are they ineffective?

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Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 4PA

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Similar questions

Two political candidates are vying for town mayor,and the key issue is how much to spend onthe annual Fourth of July fireworks. Among the100 voters, 40 want to spend $30,000, 30 want tospend $10,000, and 30 want to spend nothing atall. What is the winning position on this issue?a. $10,000b. $15,000c. $20,000d. $30,000
How does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?
Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by 200 from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them $5 million each. What are the proposed policys total costs and benefits? Do you think it will pass?
Is pork-barrel spending always a bad thing? Can you think of some examples of pork-barrel projects, perhaps from your own district, that have had positive results?
1.What is the message that P&G wants to send to its customers? 2. According to your opinion, what does the benefit P&G gain when they implemented theThank you Mom campaign’? 3. What kind of emotions does this video evoke in you? Explain what you felt and why. (there are no wrong answers here, just you thinking )
53. The Indiana University basketball team trails by twopoints with eight seconds to go and has the ball. Shouldit attempt a two-point shot or a three-point shot?Assume that the Indiana shot will end the game and thatno foul will occur on the shot. Assume that a three-pointshot has a 30% chance of success, and atwo-point shot has a 55% chance of success. Finally,assume that Indiana has a 55% chance of winning inovertime.
Questions: 1A) If MU Café, which is a monopolistically competitive firm, is making a positive profit in the short run, why might this profit become zero in the long run? 1B) If MU Café wants to keep the profit positive in the long run, what can it do? Provide ONE suggestion and briefly explain. 1C) What externality problem do you expect in the market for plastic bags? How does the government correct the inefficiency of the market? Explain in detail and diagram.
1. What is the role of the media in perpetuating overconsumption? How can we become more aware of, or change, this? 2. How can we influence our culture to value environmental sustainability? 3. How does wealth and power effect relationships between producers and consumers? 4. What is being done to support remote Indigenous communities to combat inflated prices of consumer goods? 5. How has consumption influenced oppression and marginalization? 6. What is overconsumption doing to our health? 7. How are consumption patterns and social justice connected? 8. How does consumption of certain goods support ongoing conflict? (e.g.: Mining and resource extraction in the Democratic Republic of Congo
(a) What is an Efficiency Wage? (b) Why is it Profitable for the Firm to pay an Efficiency Wage when Workers have better information about their Productivity than Firms do?
4.1. The vote-for-two method works as follows: Candidates get apoint whenever a voter ranks them first or second. The candidate withthe most points is declared to be the winner (or if several candidates tiefor the most points, they are all declared to be winners).(a) Does the vote-for-two method satisfy the Condorcet criterion?(b) Does the vote-for-two method satisfy the anti-Condorcet criterion?(c) Does the vote-for-two method satisfy the Pareto property?(d) Is the vote-for-two method independent?
2. Suppose that emissions of sulfur dioxide are managed via a Cap-and-Trade policy. In this circumstance, how can an environmental group, such as Greenpeace, reduce emissions of this pollutant? Explain your answer. How would it effectively result in a reduction in emissions? What is the main obstacle for Greenpeace to achieve this? 3. Explain why a Cap-and-Trade program is more likely to be efficient than a standard. Be specific. 4. Explain why the firm’s MAC-curve is its demand curve for pollution permits.
Explain why the federal government funds national defense.

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