Reducing poverty and improving human welfare
Question 1: Why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare?Question 2: Discuss some of the strategies advanced for the reduction of poverty in developing countries.
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How would income distribution and resource use change if a flat-rate tax on comprehensive income were substituted for the current progressive income tax in the U.S.?
Do incumbent politicians use their power and influence to get re-elected? Is this a "valid" use of political power? How does this impact business firms? Please discuss these questions.
Problem: Contrast the modern notion of 'microfoundations' with Marx's 'real foundation' for the analysis of economic activity.
Select five innovations associated with the Industrial Revolution and five innovations from the Technological Revolution. For each innovation, identify the effects it had on individuals, societies, businesses, and politics.
Question 1: Why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare? Question 2: Discuss some of the strategies advanced for the reduction of poverty in developing countries.
Demonstrate the effects of a price ceiling and a price floor on a market. As for what happens with pricing is different than equilibrium, a price Floor is Minimum wage where the wage rate is higher than the rate at equilibrium.
Economic and political stability are important factors to be considered when finalizing an international investment. What are some specific risks of investing in politically and economically unstable countries?
Select a U. S. company with global operations. 1. Discuss the firm's activities outside the U.S. 2. Identify which economic concepts, such as comparative advantage, apply to your firm.
Question 1. What is economics? Question 2. a) What is opportunity cost? b) Give an example of opportunity cost. Question 3. What is the law of demand? Question 4. What is a normal good?
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