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Allocative Efficiency

Allocative Efficiency 2) Define allocative efficiency. Explain the significance of this concept in economics?     ………..Answer Preview……… Allocative efficiency is normally referred as a market that produces types of services or goods that are highly desirable in the society and have high demand. As a matter of fact, Allocative efficiency normally looks at the marginal … Read more

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Dr. Patrick Dixon: Labor Motivation for Current Economics

Dr. Patrick Dixon: Labor Motivation for Current Economics Please respond to the following: ·  Dr. Patrick Dixon (world’s most famous futurist) On Labor Motivation for Current Economics Issues– http://www.youtube.com/watch?v=l1t3yh6laO0  and his website http://www.globalchange.com/        ………….Answer Preview……………. In the YouTube video, Dr. Patrick talks about doubling your productivity. He states that most of the time we are … Read more

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Economics of Crime

“Economics of Crime” Please respond to the following–Recommend ways to reduce crime in the city or town in which you live. Explain how these recommendations would make good economic policy. AND Richard Wilkinson, British famous author and speaker—“How Economic Inequality Hurts Our Society”- economic inequality in labor, pay etc. hurting all of us, how it all … Read more

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