ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
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When Andrew Jackson was elected in 1828‚ he brought about many changes in the government. Jacksonian Democrats claimed to be the "guardians of democracy"‚ but instead they were merely guardians of their own sectional interests. In other words‚ they were very selfish. Despite the fact that they were selfish‚ they actually were able to protect political democracy and equality of economic opportunity‚ but they were not guardians of the constitution or individual liberty. Their main goal was not constitutional
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Rip Van Winkle Washington Irving wrote Rip Van Winkle with the American people in mind. At this time society was changing drastically. America was attempting to go through a struggle with forming their own identity. America wanted to have an identity that would set them free from English culture and rule. Irving uses his main character‚ Rip Van Winkle‚ to symbolize America. Rip goes through the same struggles that America was going through at this time before and after the Revolution. Irving
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by Vincent Van Gogh in 1889 in the village of Saint-Remy‚ in the south of France. It is an oil on canvas post-impressionist painting which depicts the view from Van Gogh’s window at night‚ although it was painted from memory during the day. Van Gogh’s artworks contrast greatly with those of Wassily Kandinsky. Composition VII was painted by Wassily Kandinsky in 1913‚ during his time in Munich‚ Germany. The style is abstract and very expressive. Vincent Van Gogh was part
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Andrew Jackson’s Presidency In my opinion‚ Andrew Jackson did not help the United States during his terms as president. A good president‚ I think‚ should improve the country’s economy‚ end his term with healthy international relationships‚ obey the Constitution‚ and be honest‚ along with other things. Not only did Jackson violate the conditions mentioned prior‚ but he had a bad personality and was‚ in the words of Thomas Jefferson: “The most unfit person imaginable for the position.”
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Rip Van Winkle I believe Washington Irving’s purpose for writing ‘Rip Van Winkle’ was to teach a lesson and to comment on the American Revolution at the same time. I think that the lesson Irving is trying to teach is that if you live an idle life‚ life will pass you by. Rip was not concerned with working to support his family or to achieve any sort of goals. He was only interested in doing things that he enjoyed and that did not help to support his family. He slept for twenty years‚ and when he
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sense rather than realistically depict a momentum in the Dutch countryside. It is oil on canvas and the dimensions are 105.5 x 123.4cm. The artist is Jacob van Ruisdael (c. 1628-1682). This painting is exhibited since 1942 in the National Gallery of Art in Washington D.C.‚ currently at Gallery 49 on the Main Floor of the West Building. Jacob van Ruisdael was the son and nephew of painters and he received his formal training in Germany after passing through different cities in Holland‚ while settling
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Rip Van Winkle Essay Rip Van Winkle is the story of a middle aged man that goes to sleep for twenty years. Although the purpose of this story was to be a short and entertaining comedy‚ when analyzed it reveals a deeper meaning through its theme. Before we start to look at the theme‚ we should first define some of the characterization on the book. Rip Van Winkle was “a simple‚ good natured man” and this “gained him such universal popularity.” From these quotes we can assume that Rip was a
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Climax The climax comes as he realizes that he‚ too‚ is now a free man who is capable of thinking on his own and Rip is asleep for 20 years and then awakes. When Rip Van Winkle wakes up and discovers that his dog is gone and his gun has been “replaced” with a rusty old gun. He believes the strange men have tricked him‚ but when he goes back to his village‚ he finds that everything has changed. Falling Action The falling action comes as he goes back to his own time and has a chance to reflect
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"Rip Van Winkle" by Washington Irving is a fiction story of a character whose destiny was affected by marvelous circumstances. In comparison to Benjamin’s Franklin Autobiography and Ralph Waldo Emerson’s Self reliance‚ there are some things that are similar‚ but overall Rip Van Winkle is completely different; in other words‚ its main character is unique. I found several evidences proving that. First‚ the book itself is written in an inimitable style. In the very beginning of this work with the
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