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A: Answer in step 2
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what is the premise of John Kenneth Galbraith's The Affluent Society?
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- What’s the answer?Why did Henry George (American Economist) pay particular attention to his popularity and legacy?This is a two part discussion Read about Nudge https://en.wikipedia.org/wiki/Nudge_theory Also if you are able to watch The Big Short https://en.wikipedia.org/wiki/The_Big_Short_(film) after reading more about behavioral economics. Read more about Richard Thaler who received the Nobel Price in Economics https://nyti.ms/2yRfVXe If NY times won't allow you to view the article just do a google search on Richard Thaler Nobel Price. After reading more about Behavioral Economics come up with your own Nudge. 1) What incentives would you create to get someone to do a particular task using a Nudge? 2) I used it here in economics can you tell us how I am using a Nudge?
- Differentiate economics as a social science and applied science?A recent trend in health insurance is the Health Savings Account (HSA). The idea behind Health Savings Accounts is that rather than providing employees with health insurance that makes visiting doctors cost little more than a simple $10 or $20 copay the employer gives the employee money to use to spend on health care, but the employee bares the entire cost of seeing the doctor. What money given for health care not spent by the employee can be withdrawn by the employee as if it was additional income. It is believed that Health Savings Accounts will reduce the total amount of money spent on seeing doctors. Using Supply and Demand analysis, explain why there is the expectation that HSA’s will reduce spending on doctors.What is economics as a social science
- Can someone please explain the answer to 5?According to John Rawls, society gains more from improving the welfare of the rich household.Please use the graph to answer the given questions. Assume the people act rationally. Which of the statements best describes a situation represented by point A? Look at the image to solve for this Jeff agrees to lend money to his brother, who plans to use the funds to open a shoe store. Wayne projects that if he takes out a loan to open another gym franchise, he will earn a lower return than the interest rate he would have to pay, so he decides against it. Janine predicts that, if she borrows to expand operations, she will earn a rate of profit higher than the interest rate of the loan. So, she decides to take out the loan. Carly decides against purchasing a corporate bond because she has another investment opportunity that returns 17%. Given the market conditions, what will be the prevailing interest rate? 18% 2% 17% 10% 6% Given the market conditions, how much will be available in loanable funds? $90 billion $50 billion $30 billion $70…
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