Friedman and Johnson (1997) show that for a wide range of dynamic optimization problems, supermodularity is both necessary and sufficient for monotone static results. In the present context, this implies that our supermodular model requires the minimum set of assumptions to obtain monotonicity in the optimal decision variables.
2
The evidence presented here needs to be supplemented with information about inter- and intrafamily income transfers. This issue was addressed in a follow-up survey, but analysis of the results is not yet complete.
The answer would be: D. city-state
Answer:
John Locke was an English philosopher, economist, and physician of the Enlightenment period. In his views on unwritten natural law as the basis of formal constitutional law, Locke made the social contract the basis of his plea for popular sovereignty, the idea that the monarch or the government should reflect the will of the people. Thus, for Locke, the social contract forms the agreement between the ruler and the people, and it is precisely the limit to the powers and attributions that the ruler has over its citizens.
In the United States, the social contract is embodied in the Constitution, which is the fundamental legal text of the nation that is responsible for recognizing civil rights and limiting the powers of the government.
Answer:
The theory of marginal analysis states that whenever marginal benefit exceeds marginal cost, a manager should increase activity to reach the highest net benefit. ... Sunk costs, fixed costs, and average costs do not affect the marginal analysis. They are irrelevant to future
Explanation:
Answer:
<u>Gulliver's Travels is an example of Horatian satire. .</u>
Explanation:
For example, when Gulliver is in Lilliput, he learns that people are appointed to office based on their ability to walk a tightrope. He is satirizing the way that the English nobility of his day chose based on bloodlines and connection to the court.
