Eco 225 – Intermediate Microeconomics Assignment 6 Question 1. (20 points) Explain the concept of Pareto efficiency. Question 2. (40 points) The Larry Summers Memo Explain the Economic Logic Summers is referring to in the following memo. DATE: December 12‚ 1991 TO: Distribution FR: Lawrence H. Summers Subject: GEP ’Dirty’ Industries: Just between you and me‚ shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]? I can
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Each country has its own laws to control the public safety especially who had violates the law. Nowadays‚ public are arguing that the law breakers should sent to prison. However‚ there is also better alternative way for those who are first time offenders. The advantage of sending the entire law breaker into prison is to punish them on their mistake which had done. Besides that‚ it is also teach them a lesson and alert to the public that punishment to be taken once someone had against the law. For
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in the event where visitation to the hospital is inevitable. Cost-effectiveness in digital imaging comprises of direct and indirect effects (Sailer et al.‚ 2015). Hence‚ when accessing the cost-effectiveness‚ it is essential to understand that the imaging test must provide added value. Otero et al. (2008) state that the term cost-effectiveness is not just the amount paid for the examination‚ it also takes into consideration the other causes like the need for further examinations to confirm the diagnosis
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I believe that people are naturally good to others‚ because there isn’t as much cold-hearted people as there is with the good-people. In the world there is a lot of good people that will go out of there way to help anyone that they can. During hurricane Harvey majority of the people that were stuck at there homes couldn’t go anywhere they would have to stay out there house till someone came to get them. People say there isn’t enough people good people in the world but after everything that happened
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Southwest Airlines’ Seven Secrets for Success What’s the airline-industry jargon for unconventional wisdom? Southwest Airlines. By some estimates‚ the country’s major carriers have consumed perhaps $100 billion in capital during the past decade‚ but Southwest Airlines continues to be profitable. It’s been in the black for 33 consecutive years and‚ last week‚ for the 127th consecutive quarter‚ it paid a modest dividend. Its balance sheet‚ with about $3 billion in cash on hand and $600 million
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1. In my opinion‚ Southwest should not save low-numbered boarding cards for its most frequent fliers. First of all‚ that would go against the idea of having simplicity in its operations systems. If Southwest reserved their low number boarding cards for its most frequent fliers‚ the airline would run into complications with customer seating preferences or disagreements. This would cause the established simple system of Southwest to be ineffective if certain exceptions would be made for frequent fliers
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991226443 00 1 102-039 Spring 2014 What to Do With Media Violence The definition of media violence is research done to see if the violence in media results in aggressive and violent behavior by those who watch it. Some scientists support the link between the two‚ while others say that the results could have been exaggerated. Media violence and the debates about its effects are not anything new‚ Plato was even concerned about violent plays on the youth in his day. The reason why this
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diverse. In general terms‚ of course an advertisement is simply public notice meant to convey information & invite patronage or some other response. As that suggest‚ advertising has two main purposes: To inform & To persuade. These purposes are distinguishable-both are very often simultaneously present Objectives of the study: * To study the effectiveness of advertisement of mobile phones. * To analyze & compare the consumers attitude towards advertisement regarding mobile phones
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How do we come to the aid of others? Qian Yu 801 ● ● ● ● We will be happy to help others. We will help others help us too. Help others can enhance our own happiness. Helping others is a blessing. If you want to help people‚you can read “Angels In the Snow” and “EmilyAnne.” The two articles are both about kids helped others and can inspiring you to help others.Can you help people? Holly St
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American Academic Michael Porter‚ operational effectiveness means performing similar activities better than rivals do. Porter even states in his “What is Strategy?” article “operational effectiveness is necessary but not sufficient.” It is possible to achieve a competitive advantage in this way. However‚ it is not possible to achieve a sustainable competitive advantage in this way. This is what Porter is addressing when he states “operational effectiveness is necessary but not sufficient.” One must
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