In the Kelo case, the U.S. Supreme Court decided that the government had abused its power under the takings clause of the U.S. Constitution. True or False?

What are concerns that some people have with the use of consumer decision nudges by governments?

In most countries, government policy to eliminate narcotic problem is to catch narcotic producers/sellers, i.e. reducing supply. Why might the policy turn out to make narcotic producers better off (financially)? What should be a better policy to eliminate the narcotic problem?

Markets work; government does not. Explain your answer.

Government action can usually perfectly correct the market’s shortcomings. true or false

In 1969 , the Supreme Court ruled that public school officials could not restrict students from wearing black armbands as a peace sign protesting the U.S. involvement in the Vietnam War, ruling that students do not shed their constitutional rights at the schoolhouse gates. In 2007, the Supreme Court held that public school officials could restrict students from engaging in speech that might undermine the school's zero tolerance policy on drug use. What factors do you think might explain the Court's decisions in these two cases?

Microsoft sells two types of office software, a word processor it calls Word, and a spreadsheet it calls Excel. Both can be produced at zero marginal cost. There are two types of consumers for these products, who exist in roughly equal proportions in the population: authors, who are willing to pay $120 for Word and $40 for Excel, and economists, who are willing to pay $50 for Word and $150 for Excel. a. Suppose that Microsoft execs decide to sell Word and Excel separately. What price should Microsoft set for Word? What price should Microsoft set for Excel? What will Microsoft's profit be from a representative group of one author and one economist? c. Suppose that Microsoft decides to bundle together Word and Excel in a package called Office, and not offer them individually. What price should Microsoft set for the package? Why? How much profit willI Microsoft generate from a representative group of one author and one economist? d. Does bundling allow Microsoft to generate higher profit…

Regarding the distributive justice hypothesis, I thought utilitarianism was the most persuasive. Utilitarianism holds that when resources and advantages are divided, it is ideal for society's overall enjoyment or well-being to be maximized. This theory contends that resources should be allocated to maximize overall utility while concentrating on the greatest good for the greatest number of people. The fact that it can have a beneficial impact on those around you makes this the most persuasive to me. According to utilitarianism, the best course of action is that which reduces pain or suffering while maximizing overall utility, which is typically associated with happiness, pleasure, or well-being. The focus on enhancing well-being to reach as many people as possible creates a change for more people Although there can be some conflicts and critics that come with it. I found it to be one of the most convincing theories. please help reply to this discussion post

In the United States, the Food and Drug Administration (FDA) enforces regulations aimed at ensuring that new drugs that are marketed do, in fact, have the functions they are supposed to have. Which of the following arguments provides an appropriate justification for such regulations? These regulations are necessary because: A. verification by each consumer would be extremely inefficient B. verification is an easy task within a market economy C. quantity regulations are so rare within a market economy D. quantity regulations are so efficient

Why does the US government feel that the use of illicit drugs such as cocaine and opium (morphine) should be controlled?