71) A marginally attached worker is A) a person who is not happy with his or her job. B) someone who works part-time more than 25 hours per week but wants full-time work. C) someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 […]
61) When society produces the combination of goods and services on the PPF that it values the most highly, society has A) achieved only production efficiency and definitely not allocative efficiency. B) achieved only allocative efficiency definitely not production efficiency. C) achieved both production efficiency and allocative efficiency. D) achieved a free lunch. E) perhaps achieved production efficiency and has perhaps achieved allocative […]
51) Refer to Table 33-3. The opportunity cost of one bushel of soybeans in Mexico is A) 3 barrels of oil. B) 0.33 barrels of oil. C) 0.4 bushels of soybeans. D) indicative of Mexico’s comparative advantage in soybean production. E) lower than the opportunity cost of soybeans in Canada. 52) Refer to Table 33-3. Canada has an absolute advantage in the production of […]
11) The above figures show the market for HD televisions. If cable television providers lower the price of providing HD cable service, which figure shows the effect of this change? A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change. 12) The above figures show the market for HD televisions. If the price of […]
91) To eliminate the inefficiency resulting from pollution that creates an external cost, the government can impose a pollution tax on producers that is equal to the A) MSB. B) MC. C) marginal external cost. D) MSC. E) price. 92) If the government taxes producers that create pollution, the government’s policy A) allows the producers to pollute more by increasing their costs. B) results […]
21.If we consider the reality that each worker has different skills, then the production possibilities frontier: A. would display a constant opportunity cost of a good as more of that good is produced. B. would display a decreasing opportunity cost of a good as more of that good is produced. C. would display an increasing opportunity cost of a good as more of that good is […]
51) The study of the problems due to asymmetric information was begun when economists analyzed which type of market? A) the market for citrus fruit B) the market for insurance C) farmers’ markets D) the market for automobiles 52) Which of the following Nobel laureates became known for the study of asymmetric information? A) Gary Becker B) Michael Spence C) George Ackerlof […]
41) McDonald’s success in franchising in global markets can be attributed to several factors which do not include: A) a well known global brand name. B) a business system that can be easily replicated. C) local market knowledge. D) cross licensing. E) granting franchisees leeway to tailor menu offerings to suit local tastes. 42) Honda has invested $550 million in building an assembly plant […]
31) If people’s expectations about future income improve so they think their future income will be higher than previously believed, then the AD curve A) will not change until income actually rises. B) will shift leftward because people will spend less now. C) will shift rightward because people will increase spending now. D) and the AS curve will both shift leftward because people […]
Multiple Choice Questions 24. When a firm declares a special cash dividend of $1 per share, shareholders realize that the: A. annual dividend will be $4 per share. B. dividends are considered regular. C. dividend is not likely to be repeated. D. stock must be owned prior to the declaration date to receive the dividend. 25. Corporations pay regular cash dividends to their: A. common shareholders. B. preferred bondholders. C. fixed-rate bondholders. […]
Instructions: This assignment should be written as a coherent essay of approximately three to four typed double-spaced pages with one-inch margins and carefully reviewed before submission of spelling, grammar, content and style.
The readings for this assignment are:
Eric Hobsbawm, How the Change the World, Chapter 3
Noam Chomsky, A Brief History of Anarchism, 2014
http://inthesetimes.com/article/16081/a_history_of_anarchism
Mikhail Bakunin, “The State and Marxism,” 1872
https://www.marxists.org/reference/archive/bakunin/works/mf-state/ch03.htm
The modern Left in countries of developed capitalism has since the middle 19th centuury been deeply divided between Anarchists and Marxists (among others) with Anarchists claiming that the Marxists wish to seize state power and use that power to impose their vision of socialism that would inevitably become another form of repression and dictatorship precisely because it would depend on this this state power. Examine Eric Hobsbawm's discussion of Marxist views of the state in chapter 3 of How to Change the World, Noam Chomsky's A Brief History of Anarchism, and Mikhail Bakunin's “The State and Marxism.” Assess what you see as the strengths and weaknesses of the Anarchists' claims about the dangers presented by state power in general and about the Marxists' desire to seize that power in particular.
The Anarchists' hostility to the state is based on their theory that in a genuinely free society without forms of coercion most people would choose a rational and cooperative organization of their own work, their communities and of public affairs without the need of force and other forms of domination to compel them. To what degree do you see this claim as viable or as contrary to practical realities. In other words, does “human nature” require that most people be supervised, controlled, policed, and punished for bad behaviors or is it at least theoretically possible for people to organize their lives through rational, voluntary and cooperative ways? Be specific about your claims and the basis of your reasoning about how people.
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