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Question: Eddie Howard and Shane D. Schneider worked


Eddie Howard and Shane D. Schneider worked as employees of Nitro-Lift Technologies, L.L.C. Howard and Schneider entered into a noncompetition agreement with Nitro-Lift whereby they agreed that they would not work for a competitor of Nitro-Lift’s for a stated period of time after they left Nitro-Lift’s employment. The agreement contained an arbitration clause wherein the parties agreed to submit any contract dispute to arbitration. When Howard and Schneider quit their jobs and began working for NitroLift’s competitors, Nitro-Lift served the two men with a demand for arbitration to enforce the noncompetition agreement. Howard and Schneider filed a lawsuit in Oklahoma state court asking the court to declare the noncompetition agreement null and void. The supreme court of Oklahoma held that the state court and not an arbitrator should hear and decide the dispute. Defendant Nitro-Lift appealed to the U.S. Supreme Court. Is the contract dispute between the parties subject to arbitration? Nitro-Lift Technologies, L.L.C. v. Howard, 133 S.Ct. 500, 2012 U.S. Lexis 8897 (Supreme Court of the United States, 2012)


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> What does it mean to say that a theory is falsifiable or refutable?

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> The quality of the school district can affect house prices in that district. If this statement is true, what should we observe?

> Why is it better for theories to be judged by how accurately they predict than by how they sound to us?

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> Provide a numerical example which shows simple-majority voting may be consistent with efficiency. Next, provide a numerical example which shows simple-majority voting may be inconsistent with efficiency.

> Suppose the combination of more accurate data and better forecasting techniques would make it easy for the Fed to predict a recession 10 to 16 months in advance. Would this state of affairs strengthen the case for activism or nonactivism? Explain your an

> What are some ways of reducing the cost of voting to voters?

> It has often been said that Democratic candidates are more liberal in Democratic primaries and Republican candidates are more conservative in Republican primaries than either is in the general election. Explain why.

> If the model of politics and government presented in this chapter is true, what are some of the things we would expect to see?

> Many individuals learn more about the car they are thinking of buying than about the candidates running for president of the United States. Explain why.

> Would voters have a greater incentive to vote in an election involving only a few registered voters or in one that has many? Why? Why might a Republican label her opponent too far left and a Democrat label his opponent too far right?

> The economist James Buchanan said, “If men should cease and desist from their talk about and their search for evil men and commence to look instead at the institutions manned by ordinary people, wide avenues for genuine social reform might appear.” What

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> Some individuals see national defense spending as benefiting special interests—in particular, the defense industry. Others see it as directly benefiting not only the defense industry but the general public as well. Does this same difference between viewp

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> It has been suggested that non-activists are not concerned with the level of Real GDP and unemployment because most (if not all) non-activist monetary proposals set stabilization of the price level as their immediate objective. Discuss.

> The shape of the aggregate supply curve matters to one’s view of the ability of government to change Real GDP by way of demand-side fiscal policy and monetary policy. Do you agree or disagree? Explain your answer.

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> Outline the details of the debate between economists who favor a rules-based monetary policy and those who favor a discretionary monetary policy.

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> Whether an economist argues in favor of a rise in government spending or a cut in taxes (as an expansionary fiscal policy measure) could have something to do with how he views the current size and scope of government in relationship to his optimal size a

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> What do the values of the government spending and tax multipliers have to do with getting the biggest bang for the buck?

> Explain how the monetarist transmission mechanism works.

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> Some property rights structures provide more and stronger incentives to produce goods and services than other such structures do. Do you agree or disagree with this statement? Explain your answer.

> What is an institution? Why might institutions matter to how much economic growth a country experiences?

> What is the difference between business cycle macroeconomics and economic growth macroeconomics?

> How does discovering and implementing new ideas cause economic growth?

> What is new about new growth theory?

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