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In Modern Rarity Workers Form Union at Small Chain In New York's low-income neighbourhood. Why are labour unions scarce in New York's low-income neighbourhoods?
Explain the free-rider problem described in this news clip. How do nations try to overcome the free-rider problem among nations?
Discuss the effect these policies had on increasing the size of the budget deficits and the national debt.
Compare the work-incentive effects of the two options, both immediately and in the long run.
How do widespread increases in living standards influence total utility? How do total utility and marginal utility from consumption change over time?
What might its popularity in Los Angeles reveal about consumers' incomes or preferences in Los Angeles relative to other major U.S. cities?
How will the price of an ounce of sugary drink change? How will consumers respond to the change in price?
How does the potential conflict between self-interest and the social interest complicate setting a financial threshold for Medicare treatments?
What conflict might exist between a person's valuation of his or her own life and the rest of society's valuation of that person's life?
Why might Medicare ration healthcare according to treatment that is financially worthwhile as opposed to providing as much treatment as is needed by a patient.
If Jim changes the quantities he buys, will he buy more or fewer muffins and more or less coffee? Expain your answer.
Are flowers or water more valuable to Ben? Explain how Ben's expenditure on flowers and water illustrates the paradox of value.
How can setting personal records for eating be reconciled with marginal utility theory? Which ideas of behavioural economics are consistent with information.
What does the fact that fans eat less at subsequent games indicate about their marginal utility from ballpark food as they consume more?
How do Jerry's consumption possibilities change if, other things remaining the same the price of berries falls and Jerry's income increases?
List the combinations of yogurt and berries that Jerry can afford. Draw a graph of his budget line with the quantity of berries plotted on the x -axis.
What are the three limitations on human rationality that behavioural economics emphasizes?
If a consumer's income increases and if all goods are normal goods, explain how the quantity bought of each good changes.
Explain what happens to the consumption of the good whose price has fallen and to the consumption of other goods.
Explain how a consumer's income and the prices of goods limit consumption possibilities.
What is a free-trade agreement? What is its aim? Explain why Italian automakers opposed cuts in car import tariffs.
Who in Japan and other TPP nations would benefit and who would lose from a successful TPP?
What are the arguments for saving the jobs mentioned in this news clip? Explain why these arguments are faulty. Is there any merit to saving these jobs?
With free trade between Australia and Canada, Australia would export beef to Canada. Explain who in Canada gains from the quota on beef imports and who loses.
How this quota influences the price that Canadians pay for beef, the quantity of beef produced in Canada, and the Canadian and the Australian gains from trade.