significance of prices in the market economy? What’s so great about a market economy anyway? Chapter 2: Incentives Matter Explain how each of the following relates to efficient outcomes in a market economy: Adverse selection‚ “perverse incentives”‚ principal agent problem‚ and the prisoner’s dilemma. Chapter 3: Government and the Economy In your own words‚ explain what an externality is. Besides addressing externalities‚ what other important and beneficial roles does government play
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that part or feature? You will still have your life. Module 10: Sharing the Road with Others Stops and Starts: Reflect on Module 10 and the entire course. Look back at your journal entries. Explain the following completely. Being the Driver: Stops: Using the information learned in this course‚ explain three things you will not do when driving. 1. You should not use your cell phone well driving because it’s a high risk of an accident waiting to happen. 2. You should not drink or do any drugs
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American. They believed that the “Old Negro” cannot develop hypothesis on their own. For centuries‚ the old Negro had suffered from racial‚ social‚ and economic depression. This paper will provide the definition of old Negro and how does Alain Locke define the new Negro‚ what is George Schuyler’s understanding of what African American place in United states‚ and what is meant for Langston Hughes and Zora Neal Hurston. During the Harlem renaissance‚ philosophers like Alain Locke and Langston Hughes had
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Unit 2; Business Organisations Assignment 1; Understand the Purpose and Ownership of Business Task 1 Design a guide for businesses that defines aims and objectives in different sectors. Aim – it is a long term target to achieve something. It is an action of directing something at an object. Object – it is a short term target which helps achieve the aim. It is often linked to the aim. SMART objectives: S - Specific - There is a clear definition‚ containing a number where
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Our three branches of Government under our National Government are broken down as follows; the Legislative branch which is responsible for writing the laws‚ the executive branch which is responsible for implementing and enforcing the laws and the judicial branch which is responsible for determining what laws have been broken as well as whether or not a law is consistent with pre-existing laws. Each branch of the three branches of Government oversees what the other do to help prevent and protect itself
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Language reveals one’s identity. With language‚ we can communicate who we are and what we think. Without language‚ we would be isolated. We would have no discipline‚ no past‚ no present and no future. To understand how meaning works‚ then‚ is to understand part of what it is to be human .Ultimately language is a necessary means of life‚ which some say that language derived from grunts and groans and evolved into the complex form that we know today. As a writer you choose the direction you will follow
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Discussion Questions Answer the following in complete sentences. 1. Explain the exclusionary rule and how it applies to civil liberties. The exclusionary rule is a judicial rule that use of evidence which is obtained in violation of the law is unacceptable. This often refers the rights of courts where they are able to exclude such materials that violated the Fourth Amendment. Since civil liberties are rights that individual has to be against the unjust governmental actions‚ the government does not
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1) Explain Plato’s Analogy of the cave. Plato was a Greek philosopher who wrote a book called the ‘Republic’. He lived from 428-347 BCE. In this book he described an analogy of a cave in order to explain his theory of the World of Ideas and the Natural World. Plato’s analogy of the cave is an explanation about ‘the truth’. The analogy portrays that in order to find the truth we must question everything. This will be explained further. In the analogy of the cave‚ the cave represents the physical
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Explain Plato’s Analogy of the cave. (25) Plato uses an analogy to help describe his philosophical ideas about the physical world and the World of Forms‚ he attempts to use the analogy to explain the difference between the two worlds. Plato uses his analogy to explain to others why the world of appearances is nothing but an illusion. Plato believes that reality must be found in the infinite World of Forms. The cave analogy is often said to be allegorical‚ meaning that different elements of the
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Does Science Explain All? In the beginning there was darkness. Then there was light. Then there was consciousness. Then there were questions and then there was religion. Religions sprouted up all over the world as a response to some of humanity’s most troubling questions and fears. Why are we here? Where do we come from? Why does the world and nature act as it does? What happens when you die? Religions tended to answer all these questions with stories of gods and goddesses and other supernatural
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