The dog-walkers value walking their dogs at $400 per month. The neighborhood association doesn't like the barking dogs in the neighborhood, and values peace-and-quiet at $320 per month. The socially optimal outcome is that the dog-walkers are allowed to walk their dogs, but the law states that the neighborhood association has the right to peace-and-quiet. Transactions costs for these two groups to meet and discuss is $30. According to the Coase Theorem, can the socially optimal outcome be reached? a. No, the neighborhood association will not agree to barking dogs.
b. No, the dog-walkers do not have enough to compensate the neighborhood association
c. Yes, the dog-walkers can pay the association at least $201 and cover the transactions costs
d. No, the transactions costs are too high
e. Yes, the dog-walkers can pay the association at least $301 and cover the transactions costs

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1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)