Pearson eText Microeconomics -- Access Card
2nd Edition
ISBN: 9780136849513
Author: Acemoglu, Daron, Laibson, David, List, John
Publisher: PEARSON
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Chapter 16, Problem 10Q
To determine
Crime and punishment from a principal-agent perspective, and its implication on crime prevention.
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Pearson eText Microeconomics -- Access Card
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- Applying Immanuel Kant’s moral philosophy, what is ONE argument that you can comeup with FOR or AGAINST Distance Learning Education (DLE)? Explain your answer in NOTMORE THAN 300 WORDS.arrow_forward"Vernon Smith started a series of experiments to see whether basic predictions of the standard economic model about markets would prove correct. [...] Basically, the predictions proved good. A stunning result! Maybe, therefore, it doesn't matter if people are not like homo oeconomicus; the standard economic model can still work." (quote shortened, source: Edward Cartwright in his textbook "Behavioral Economics" (3rd edition, p. 8)). What kind of criticism of the standard economics model does Cartwright refer to? Explain why Vernon's findings can be used to support and uphold the standard model of microeconomics despite unrealistic assumptions?arrow_forwardList two types of utilitarianism?arrow_forward
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