Question

In: Economics

What does Tim Harford, author of the undercover economist, think are the major secrets that supermarkets...

What does Tim Harford, author of the undercover economist, think are the major secrets that supermarkets don't want us to know? Refer to the book : The Undercover Economist, Chapter 2.

Solutions

Expert Solution

Solution:

  • What Tim Harford really find conspicuous in the comparison of top income shares across rich nations is the similarity of the patterns observed in English-speaking countries as opposed to those found in continental European countries. It is striking that, after a prolonged period of moderate decline, the income share of the richest 1 percent suddenly began to rise in the mid-1980s in the United Kingdom, Canada, Ireland, Australia, and New Zealand as well as in the United States, while it exhibited no upward trend in France, Germany, the Netherlands, Spain, and Switzerland.

    The difference between these two groups of countries confirms that market and technological forces cannot be the whole story, but the similarity of trajectories, including the time of the turning point, in the English-speaking countries defies an explanation based only on the national characteristics of the U.S. political process.


Related Solutions

1. The following set of questions focuses on the readings Tim Hartford (The Undercover Economist) and...
1. The following set of questions focuses on the readings Tim Hartford (The Undercover Economist) and Jean Tirole (Economics for the Common Good) and The Commanding Heights episode 1 (a) Jean Tirole discusses various methods outside of markets to approach the issue of scarcity. What are these methods and are all of them inefficient? How does this compare with the ideas discussed in Harford? (b) What is “the World of Truth” according to Harford? Why does it matter for economics?...
What do think is Wegmans Food Markets does to keep employees on-board compared to most supermarkets?...
What do think is Wegmans Food Markets does to keep employees on-board compared to most supermarkets? Do think investing in retail supermarket employees is sustainable? If so, how would you invest without breaking the bank? Have you ever worked at a company that had cutbacks in employment? If so, how did the company go about the layoffs and keep employees motivated for the future?
What does the author mean by Dubois' Double Consciousness? 

What does the author mean by Dubois' Double Consciousness? 

What does Tim Harford claim are the advantages of life withoutmarkets? What are the disadvantages?...
What does Tim Harford claim are the advantages of life without markets? What are the disadvantages? Does the idea of life without markets relate to the concept of market failure?
1. If you cannot think of a better way to say what another author said, it...
1. If you cannot think of a better way to say what another author said, it is best to keep reading the passage until you can paraphrase. quote the author, no matter how long or how often. substitute a few words in the sentence for synonyms. leave that source out of your paper. 2. When referring to the work of other authors, APA uses the title of their work. the first and last name of the author(s). the last name...
The Life of Pi 1. What does the author tell us in the introduction? What expectations...
The Life of Pi 1. What does the author tell us in the introduction? What expectations does it set? 2. What religions does Pi practice? How does he find each? How does he describe each? What are some reactions to his multi-religious practices? 3. Explain how Pi’s twin concerns of theology and zoology are illustrated by Mr. Kumar and Mr. Kumar or the sloth. 4. Reflect on what story means to you. What is “the better story” according to Pi?...
D1. What does an economist mean by the term “public good”? What are the characteristics of...
D1. What does an economist mean by the term “public good”? What are the characteristics of a public good? Give two examples of health-related goods or services that might be characterized as “public goods” Public goods and services are not cost-free. How do you think people should be made to pay for them? D2. One purpose of the government is to redistribute money from those who are well off to those who are needy. As far as health care is...
What does it mean when the author said, "define the meaning of the social sciences for...
What does it mean when the author said, "define the meaning of the social sciences for the cultural tasks of our time" in the book Sociological Imagination?
.Read the quote and discuss what you think the author means by ‘passively calculating standard ratios’....
.Read the quote and discuss what you think the author means by ‘passively calculating standard ratios’. Corporations have substantial incentives to exploit the fact that accounting principles are neither fixed for all time nor so precise as to be open to only a single interpretation. Analysts, who appreciate the magnitude of the economic stakes, as well as the latitude available under the accounting rules, will see clearly that a verdict derived by passively calculating standard ratios may prove dangerously naive....
PROMPT:  The author offers what he claims to be a simple proposal on how regulators should think...
PROMPT:  The author offers what he claims to be a simple proposal on how regulators should think about concentrated industries: “…when members of a concentrated industry act in parallel, their conduct should be treated like that of a hypothetical monopoly.” Explain why you believe that members of a concentrated industry should or should not be considered similar to a monopoly. Comment on whether there is in fact a problem that needs to be resolved if firms in the same industry happen...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT