经济期中代写 ECON代写 Midterm代写 economics代写

ECON 338

Midterm

经济期中代写 1.Answer one and only one of the following two questions: a. Is a description of the actual objects of our desires relevant to praxeology,

1.Answer one and only one of the following two questions:

a. Is a description of the actual objects of our desires relevant to praxeology, according to Mises and Rothbard? Do Mises and Rothbard presuppose that economics merely deal with people’s actions insofar as people are selfish or “materialistic” in their pursuits?

b. Explain the difference between nonprecisive and precisive abstraction according to Roderick Long. How is this difference relevant to explanation in economics?

2.Answer one and only one of the following four questions: 经济期中代写

a. According to Rothbard, in what way is time just like any other means we employ in our actions?

b. Uncertainty about the future and relations of cause and effect: what role do they have in our actions according to Rothbard?

c. According to Rothbard, what makes something an economic good as opposed to a general circumstance of human action and welfare?

d. What is? How does time-preference affect interest rates?

3.Answer one and only one of the following three questions:

a. Why do Austrians insist on saying that economic value is subjective? Why is the subjective evaluation of goods and services fundamental in order to explain the possibility of exchange, according to Austrian economists?

b. According to Rothbard, can we measure the utility of different goods and services by a common unit of measure of utility (before the introduction of money)?

c. How does Rothbard address the objection of those economists who think we can speak of “increasing marginal utility”?

4.Answer one and only one of the following three questions: 经济期中代写

a. Give a brief account of the cost-of-production theory of price formation. What are the problems with this theory, according to Murphy?

b. According to Murphy, why is a labour theory of value superior to a mere cost-of-production theory of price?

c. Give a brief account of the Austrian subjective-value theory of price formation. What are the advantages of this theory over the cost-of-production theory, according to Murphy?

5.Answer one and only one of the following four questions: 经济期中代写

a. Explain the way fractional reserve banking expands the supply of money substitutes.

b. What is the point of Hume’s thought experiment about a fairy doubling the supply of our money overnight?

c. In class we discussed one scenario in which an additional quantity of money is entering a country at one particular point. What would be the effects of this inflow of money?

d. What are the social benefits of hoarding money, according to Rothbard?

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