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Why should there be a correlation between government misadministration and mismanagement and the productive attitudes of the people?
Suppose that the state withdraws from the social security business. Analyze the costs and benefits from the perspectives of efficiency and social welfare.
Why do free enterprise theorists believe that market inefficiencies are more easily diminished than governmental inefficiencies?
It is sometimes said that consumer sovereignty is a corollary of democracy. What does consumer sovereignty mean?
What is fair competition? Under what conditions can affirmative action be reconciled with fair perfect competition? Explain.
What is neutral macroeconomic management? Give one example of neutral fiscal and one example of neutral monetary policy.
Why didn't the Soviets pursue two-level interactive planning as a device for improving economic efficiency?
What liberalizing steps have been taken to reverse these adverse trends? Are these initiatives succeeding? If not, could corporastion democracy be to blame?
Why do social democrats believe that they do not have to curtail welfare state and need only pay lip service to improved entrepreneurship and profit incentives?
What institutions are included in the term corporastim besides business corporastims with unlimited life and limited liability?
The American system's stress on work and consumerism camouflages its inefficiencies. Explain why welfare would be higher under perfect competition.
How would America's market structure change if the system were perfectly competi-tive? Would the role of obligation increase?
Why is the efficiency of the Marshallian adjustment mechanism impaired in the American production market?
Why are ideological terms like capitalism and socialism inadequate for assessing the workings of the laws of demand, supply, and their equilibration?
Why does macroeconomic policies imply that they are universal; that they will have positive effects and work the same way in all systems?
In what sense can Keynesian policies be considered a third regulatory mechanism, suppkmenting the Walrasian and Marshallian mechanisms?
What is the Hicks-Hansen neoclassical synthesis? How does it re-validate the usefulness of monetary policy? How do its assumptions differ from Keynes's?
Why did Keynes believe that consumption and investment were complements? How is this related to his concept of the multiplier?
Why did Keynes believe that speculative demand for money could invalidate the implications of the Fisher equation, if wages and prices were sticky?
What is the Fisher equation? Why does it imply that changes in the supply of money will not affect the level of aggregate economic activity?
What did classical theorists believe that fluctuations in investment would not have multiplier effects on aggregate economic activity?
What was the Soviet automatic system of management and planning (ASUP)? How did it try to overcome the technical inefficiencies of Libermanism?
What were the fundamental deficiencies of Libcrman's simulated Marshallian adjust-ment mechanism?
How did the Liberman experiment attempt to overcome the shortcomings of input-output planning?
Input-output analysis was the touchstone of Soviet economic planning. What is it? What are its strengths and weaknesses?