Explain the evidence for Tim Harford’s belief that the earth is less flat than ever before.
Explain the evidence for Tim Harford’s belief that the earth is less flat than ever before.
May 20, 2020 Comments Off on Explain the evidence for Tim Harford’s belief that the earth is less flat than ever before. Uncategorized Assignment-helpthe attachments are just some notes from class to help.1. A, B, C. The Committee on Economic Security (CES) was appointed by FD Roosevelt for 1934-35. Roosevelt instructed the CES that their mission was to protect people who didn’t have jobs, but not to expand welfare dependency. Roosevelt’s priority was to end the Great Depression by putting the nation back to work. Separately answering as parts A, B and C, give and explain three separate reasons why the programs created by the CES were different from welfare. Each of your answers also should describe the program itself, for its divergence from welfare.2.A, B, C. Critics of the CES believe that their programs are welfare in disguise. Separately answering as parts A, B and C, give and explain three attributes of their programs that follow the practices of welfare programs. Each of your answers also should describe the program itself, to show how it follows welfare. (Note: This question is about the programs created by Roosevelt in the 1930s. It is not about the changes that came later.) 3. A, B, C. Demands for wage increases and strikes are not the only effects of a union on a private employer. A, B. Answering as parts A and B, separately identify and explain two other harmful effects that a union can have on a private employer. C. There are unions that claim that hiring union is good for the employer. Sometimes they are right. Identify and explain the situation where an employer is better off by hiring only union labor. (Note: Assume that all parties are honest and law abiding.) 4.A, B, C, D. An employer is better off by hiring workers who are dedicated to their employer in the long run. Separately answering as parts A, B, C and D, give and briefly explain four different methods that employers use to employ workers who will be committed to their employer. 5.A, B, C, D.Define discrimination in employment. Explain why a private sector employer usually seeks to stop discrimination within their own company.B, C, D. Derek Laing gives several reasons why discrimination exists in employment. Separately answering as parts B, C, and D, give and explain three separate causes of discrimination in private sector employment. (Note: Last year I gave this question in the final, and some people incorrectly answered race, gender, age, etc. Those answers are not the causes of discrimination, those are phony excuses. If you choose this question, the answer has to be the economics causes.) 6.Two Puzzles to Solve: This month the unemployment rate is 15%, but among people still employed (the remaining 85%) the national real (inflation adjusted) median wage is 10% higher than the national figure for January 2020, when the unemployment rate was 4%. Use what we have taught (both lecture and in our assigned books) about employer-employee relationships to explain how both the national unemployment rate and the national real median wage could have increased. Tim Harford finds flaws in Thomas Friedman’s flat earth hypothesis. Explain the evidence for Tim Harford’s belief that the earth is less flat than ever before. 7.A. Explain the pay structure of a CEO and other top executives, in a large corporation with publicly traded stock. B. Derek Laing believes that the pay structure in part A improves labor productivity, and that this high compensation is well worth its cost to the owners of the company (the people who own its stocks). Carefully explain Derek Laing’s reasoning. Tim Harford disagrees with Derek Laing. Tim Harford says that in many cases the CEO and other top executives are being paid more than they are now worth to the company. Explain Tim Harford’s reasoning why he believes that the method explained in part A is an over compensation, and cheats the shareholders of the company. 8.A. Define labor productivity. (Remember not to repeat the term being defined in your definition.)B, C, D. Separately answering as parts B, C and D, identify by name, and briefly define, three different types of professional ethics that, if violated, will reduce labor productivity. Only use the professional ethics from our list in class. Along with each answer, give the link between that ethic and the definition of labor productivity from part A.


