You are speaking with a friend from a country in sub-Saharan Africa and he remarks that, to him, it seems like the Western world is purposefully keeping countries in the global south poor. Regardless of whether or not you agree, what is something from this course that you could tell your friend to look into to further explore this possibility?
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- In what ways is your standard of living differentfrom that of your parents or grandparents when theywere your age? Why have these changes occurred?how to solve paritals se,ieSuppose you were a benign government who wanted to improve Angela’s situation, but withoutsacrificing the aim of Pareto Efficiency. One policy advisor tells you that all you need to do to achievethis is to change Angela’s reservation option. Is this correct? Please explain with all steps the awnser of this question
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- Consider Angela who currently works as a data scientist with machine learning expertise. Recently,she was offered a job by Bruno’s firm. The job offer includes a higher salary than her current job andthe freedom to choose the number of work hours per day. But Angela is also an amateur musicianwho desperately dreams of becoming a professional one day. This motivates her to practice musicas much as possible, which makes her value her free time very much.Using the model of individual choice, and assuming Angela accepts the job offer, graphicallyillustrate the impact on her choice of free time and consumption. Fully label your diagram. Notethat there are no actual numbers given in this question: you may make them up or simply useappropriate notations. Explain specifically its impact on the following:• Angela’s choice of free time• Angela’s consumption level• Angela’s utility levelNeed help with this homework thinking question (about opportunity costs) Sigmund Freud, in his 1930 essay Civilization and Its Discontents, argues that thesublimation of sexual desire leads to the mental energy required for advances in civiliza-tion: science, art, politics, etc. He writes,“Sublimation of instinct [such as sexual instinct] is an especially conspicu-ous feature of cultural development; it is what makes it possible for higherpsychical activities, scientific, artistic, or ideological, to play such an impor-tant part in civilized life... it is impossible to overlook the extent to whichcivilization is built up upon a renunciation of instinct...” How would an economist phrase Freud’s argument, in terms of opportunity costs? Might this explain the development of monogamous marriage as an institution?please help as soon as possible ,t hank you
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