Is the death penalty a deterrent to murder? One way to answer is to compare homicide rates in U.S. states that have the death penalty to rates in similar states that don’t have the death penalty (during the same time period). What do studies of this type show? no effect a small deterrent effect a medium-sized deterrent effect a backfire effect

Q: Why are widely accepted, well-defended scientific explanations called “theories”?

A: Theories are a thoughtful and judicious kind of dynamic or summing up contemplating a statement, or…

Q: Behavioral economics assumes that people are ___. Traditional economics assumes that people are ___.

A: Behavioral economics consider that people are irrational. Such irrationality comes into their…

Q: The Bismarck Model in Germany emphasizes equity over choice whereas the Beveridge Model in the…

A: Answer is in 2nd step:

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Q: Which of the following correctly defines utilitarianism? a. The difference between what a consumer…

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: Identify and explain three differences between neoclassical economics economics and behavioral…

A: Economics is considered the study of the production, distribution, and consumption of goods and…

Q: When Aaron makes a decision, he tries to minimize its bad effects and maximize its good effects for…

A: When Aaron makes a decision, he tries to minimize its bad effects and maximize its good effect for…

Q: Is either the capitalist economic model or the socialist economic model preferable from a moral…

A: Capitalist economic model refers to an economy which is driven by private sector. The majority of…

Q: How should the government decide what the optimal level of deterrence is

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A: Households tend to have a stable path of consumption throughout their lifetime.

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Q: "Vernon Smith started a series of experiments to see whether basic predictions of the standard…

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Q: advantages and disadvantages of using positivist methodology in economics

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A: There are two players : Public & Dictator  Following are the payoffs for the above game :…

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Q: which one of two would be more profitable economic model or the socio eonomic model of social…

A: Socioeconomic model: Social-monetary model" alludes to the citizenry's abilities to appreciate…

Q: "Government failure" is a prominent topic in:         public choice theory.        Keynesian…

A: Government failure refers to the situation in which intervention of the government creates…

Q: Which of the following best describes Ethics?   a.Behavior that is agreed upon to be moral by the…

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Q: According to Roland Robertson, a sociologist, glocalization meant the simultaneity of both…

A: According to Roland Robertson, a sociologist, glocalization meant the simultaneity of both…

Q: In what ways do human decision making differ from rational conventional economic theory

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Q: Define Degree of necessity?

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Q: What do you understand the term “argument” to mean? Give one or more examples of arguments in…

A: The argument is a term used to define coherent series of statements, facts, or reasons that are…

Q: The idea that standard economic model is a good predictor of behavior if people have sufficient time…

A: Preference hypothesis can be understood as, if a consumer is given to choose a combination A out of…

Q: Distinguish between economics and political economy.

A: Economics basically refers to the study of resource allocation in order to meet a society's material…

Q: Political biases have no impact on an economist’s opinions? True or False

A: This statement is false.

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Q: Explain the law of diminishing returns using crime prevention as the good in question

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Q: "Vernon Smith started a series of experiments to see whether basic predictions of the standard…

A: ANSWER   Cartwright's central matter to make is that how one tests a causal case relies upon how one…

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A: Behavioral economics studies the psychological behavior of individuals and institutions related to…

Q: What do you think of the ethics of using unconscious nudges to alter people’s behavior?

A:

Q: There is some popular unrest in a dictatorship. The population might be in a revolutionary mood, in…

A: This is an example of a signaling game. Nature moves first, thus it knows whether it is…

Q: A dangerous habit among those who own cell phones is driving while talking or texting. Although a…

A: Driving while talking or texting can create huge risk to the life of the people and strict actions…

Q: How does the historical institutionalist approach of political economy differ from rational choice…

A: Old Institutionalism, an approach to the analysis of politics that centre on forma institutions of…

Q: Describe three ways in which human decision making differs from the rational individual conventional…

A: The study of psychology and economics reveal that the human decision making is more complex and…

Q: Newsom has committed the state to a $990-million agreement with a China-based electric car company…

A: Newsom has committed the state to a $990-million agreement with a China-based electric car company…

Q: What are viable explanations that someone can use to counter Leontief’s  paradox?

A: Leontief paradox refers to the finding that countries with higher capital per worker have lower…

Q: True/False A Well tested or widely accepted economic theory is often called an economic principle

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Q: According to Richard Thaler, what two things give economics its reputation as the most powerful…

A: Richard H. Thaler is a professor of behavioural science and economics at the University of Chicago…

Tax Incidence Analysis

Tax incidence analysis is a kind of economic analysis. It helps to understand the division of tax burden between stakeholders. Tax incidence also relates to the price elasticity of demand and supply. The producers and consumers may valuate their tax burden with the help of tax incidence analysis. It also helps to calculate the burden of a new tax. It is the effect of a particular tax and analysis of tax occurrence in the economy.