29 January If you can’t do the time‚ don’t do the crime. In recent discussion of Juvenile Justice‚ a controversial issue has been whether juveniles should be tried as adults in adult courts for heinous crimes they have committed. On one hand‚ some argue that they should not be tried as adults and do not deserve harsh sentences but as children seeking help. On the other hand‚ however‚ others argue that those who commit such heinous
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BEC 1034 MICROECONOMICS TUTORIAL 1 (Chapter 1: Ten Principles of Economics) 1. The phenomenon of scarcity stems from the fact that a. most economies’ production methods are not very good. b. in most economies‚ wealthy people consume disproportionate quantities of goods and services. c. governments restricts production of too many goods and services. d. resources are limited. 2. "There is no such thing as a free lunch‚" is used to illustrate the principle that a. goods are scarce. b. people face
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- 3 - N05/3/ECONO/HP1/ENG/TZ0/XX/M Paper Specific Markscheme In addition to the assessment criteria use the paper-specific markscheme below. Award up to the maximum marks as indicated. Examiners should be aware that candidates may take a different approach‚ which if appropriate should be fully rewarded. 1. (a) Explain the differences between monopolistic competition and oligopoly as market structures. [10 marks] • large number of firms (m.c) versus a few dominant firms (oligopoly) • differentiated
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ECO 252 -- HW 9 Questions 1. Which of the following events would cause a decrease in the equilibrium interest rate in the short-run money market? For each event‚ simply state YES or NO. a. The price level increases‚ Ceteris Paribus. b. The FOMC conducts open market sales of existing bonds‚ Ceteris Paribus. c. The aggregate demand shifts to the left‚ Ceteris Paribus. d.The Fed increases the required reserve ratio‚ Ceteris Paribus. e. The Fed increases the money supply‚ Ceteris
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Plato’s Justice in Contemporary Society “The result‚ then‚ is that more plentiful and better-quality goods are more easily produced if each person does one thing for which he is naturally suited‚ does it at the right time‚ and is released from having to do any of the others” (Sayers 21) Despite an existing definition of justice prior to his philosophical works‚ Plato spent much of his life challenging that definition and introducing his own. He used his famous work The Republic to define justice and
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Tiuana Goodfella Essay 3 An American social entrepreneur‚ David Green‚ recently stated the following: “Let’s face it. The market economy is based on a fundamental deception: I (a company) know how much it costs to make something‚ and I’m going to fool you‚ the consumer‚ into paying as much as possible. I find this assertion false and misguided. While some markets are more desirable than others‚ no one is being fooled into paying as much as possible. In the following essay I will evaluate each
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REVIEW: MIDTERM #2 MICROECONOMIC PRINCIPLES-1102‚ section #11 Professor Ardy Lynn Wurtzel SEAEINNSruEB 1. Please use Sarah’s Utility chart below to determine what combination of Clothing and Shoes would maximize her utility (find her consumer eq uilibrium)-10pts. [1lzt: Complete the charl’s (1) MU/$ column‚ the (2) TU (Clothing & Shoes) column and the (3) Income Spent column. This will allow you to solve for consumer equilibrium.] Price (per unit): S1O.0O MU (cr)/s SARAH’STOTAL INEOME P-rjeE@_Ss
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differentiating between perfect competition and all other types of markets? Answer Selected Answer: whether or not firms are price takers Correct Answer: whether or not firms are price takers Question 7 10 out of 10 points In economic analysis‚ any amount of profit earned above zero is considered "above normal" because Answer Selected Answer: this would indicate that the firm ’s revenue exceeded both its accounting and opportunity cost. Correct Answer: this would indicate
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Procedural and distributive justice and its impact on organization citizenship behavior among employees in banking sector Pakistan Author: Sohail Hamayon Khan‚ Muneeb Abbasi‚ Ahsan Saleem Supervisor: Sajjid Bashir Institute: Pakistan Institute of Development Economics Abstract: The effectiveness and efficiency of teams determine organizations performance‚ productivity‚ and growth. The citizenship behavior plays a key role in this perspective. This research is conducted to determine‚ Procedural
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The Plausibility of Thrasymachus’ Argument on Justice It is my objective in this paper‚ to illustrate the claims made by Thrasymachus‚ in The Republic‚ as argument to Socrates’ views on what justice is. I will then evaluate the claims‚ "justice is nothing other than the advantage of the stronger" (338c)‚ and that "a just man always gets less than an unjust one" (343d)‚ in an effort to see how Thrasymachus uses these statements to provoke an argument. Despite the contradictory nature of these statements
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