What are a couple of general strategies for resolving the Prisoner's dilemma (that is, for achieving cooperation)? Why might tit-for-tat be a good strategy? Why might it be a poor one? In general, what is a "tragedy of the commons"? How does a game tree differ from a...
Classical v. Keynesian Approaches to Smoothing Business Cycles Fiscal policies are the actions of Congress on spending and taxing. (Note that this is different from monetary policy, which is the action take by the Federal Reserve to change the money supply and interest rates.) a. Explain and...
Your grandfather has run a small high street pharmacy for 40 years. After much persuasion, he has agreed to open a digital store online. List 5 potential ways to improve sales and/or margins by having a digital pharmacy through the utilisation of historic or new...
Geographic and occupation mobility.a. Derive the Sjaastad model to show when and under what conditions an individual migrates. Discuss how the net gains from migration depend on incomes in regions of origin and destination relative to the costs of migration. b.Discuss the three different immigration waves...
Card and Krueger study. a. Prior to Card and Krueger, what was the traditional view regarding minimum wages? Did minimum wages lead to large labor displacement effects in the traditional view? b.What was the design of the Card and Krueger study? Which states were involved with the study, and what...
Select three (3) of the long-answer questions below to respond to. Clearly indicate which question a response is for. What problems arose from the admission of 12 new members into the European Union between 2004 and 2007? How does the European Union compare and contrast in size,...
Discuss it in the context of the current situation of the global crude oil market and environmental policies. What are the Externalities and market failure in Oil Market?...
Consider the health inequalities among non-Hispanic white people in the U.S. by education. ( comparison white people with only a high school degree to white people with a college degree.) Compare them to the health inequalities that we see between Americans based on their racial...
The "Telephone Techniques at Staff Temps" Case is located on page 380 in your textbook. Answer the following critical thinking questions in the Chapter Nine How well was this customer call handled? What should you have done differently? Do you believe that Aretha was justified in how she...
What are the main reasons for the decreased total market cap for thecryptocurrencies during 2022? What are your expectations for theshort-run (for Q3 and Q4 2022) and for the medium-run (for 2023)...