Asch, who conducted the study that found people alter their answers on a line task based on others giving the wrong answer, found that one key factor influencing conformity was

Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the insects greatly improves flower pollination. lawyers for the two companies meet to draft a legal document specifying the number of butterflies the farm promises to maintain in exchange for payments to be made by the nursery. which of the following types of private solutions to the externality of pollination has occurred in this case? charities moral codes and social sanctions integration of different types of businesses contracts it’s important to note that sometimes private solutions to externalities do not work. for example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that (a) the government must step in (b) the private solution is not feasible (c) the market system has a crisis

Before tuberculosis was understood to be a communicable disease, and before the discovery of antibiotics to treat it, a major outbreak could kill or cripple a significant portion of a nation’s labor force. how would such an event affect the economy? illustrate the effect by dragging to shift either the aggregate demand curve or the long-run aggregate supply curve.

What is the role of institutions in society - do they perform positive functions, or simply work in the interests of the powerful and against the powerless? (a related question here is why do our life chances vary by class, gender and ethnicity)