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Need help with economics please?
1. Would free health care reduce poverty, as measured by the government? Would free public housing, day care, and job training for the poor reduct the pverty rate? Explain 2. Two business practices outlawed by teh Clayton Act are trying contracts and interlocking directorates. Explain the condition required for these two practices to be a violation of the antitrust law. 3. Do you agree that "cost does not really matter" as a principle for safety regulation, or do you believe that the cost of safety device must be justified on the basis of the value of human life protected from hazard? Any help would be great. None of this in explained in my book. Thanks Got help with Number 1, now just need help with 2. and 3
Public Comments
- What you are being asked to do is APPLY the principles and concepts and lines of reasoning you've been studying to these questions and situations. The purpose is so that you gain USEFUL knowledge, not just memorize a bunch of gunk. So start by taking notes on how you think what you've been learning can help you understand what's going on. For instance, how does the government measure poverty? Would those methods of measurement be effected by those things? If so, explain how and why; if not explain why not. In the second, you're being asked to apply the conditions of the law (what has to be the case for the law to be violated) to the situation. The last is more opiniony, but still requires you to apply what you know about economics to the question of safety and cost. So, take each of these things, and think about what material you've read and heard applies, and make some preliminary notes. Then come back to it tomorrow, and maybe go over your notes from class and book to find relevant stuff there, and go over the rough notes, and make a new set of notes. Lather, rinse, repeat, until you've taken the thinking as far as you can. Then take that last set of notes, and write out a coherent essay for each, explaining what's going on, from the perspective of economics. If your schooling up to now has only required you to remember stuff you've read and heard, rather than apply it, this seems really hard at first. That's understandable; the fault is not with you but with your education (which tends to be crappy, and doesn't teach how to USE knowledge). But take your best crack at it. If you want, post questions here, with the question, and where you've gotten with your thinking, for people to respond to. Do separate questions, not all of them together. Good luck! Once you start to get the hang of this, you'll find it much more fun than what you're used to, as well as MUCH more useful.
