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Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course. Possible concepts include:
• taxes and consumer or producer surplus.• demand, supply, and equilibrium price of a particular product.• elasticity on a particular product.• perfect competition and imperfect competition, such as monopolies.• labor market, wages, and income inequality.• poverty and public policy.
Coke and Pepsi have sustained their market dominance for more than a century. General Motors and Ford have been hard hit by competition. In one paragraph, explain what economic factors might account for these industry differences.
Compare the job of a delivery person and a computer network administrator. In which of these jobs does a worker have more bargaining power? Why?
Explain why Monopolistically Competitive firms charge different prices for their products and Oligopolies tend to all charge the same price. Explain why all businesses do not Price Discriminate.
in a two-player one-shot simultaneous-move game each player can choose strategy a or strategy b. if both players choose
neoclassical economics was a crucial stage in the creation of a genuinely scientific unified theory of economic
How the Balance Sheet for Bank Z would look like after it loans out its Money to Mr. Chansa and suppose Mr. Chansa Deposit his Money into Bank-B, How would the T- Balance sheet look like for Bank- B
Market including marginal production, total production, and wage determination. These terms are important in determining how many workers will be hired by a firm.
A real tension of interests between content owners and users
describe how you would apply either behavioral theories of learning or cognitive theories of learning to solve a
Explain which of the following are counted as part of the money supply (M1): a. Checking account deposits b. Stocks
based on many years of experience a lecturer in econ241 has determined that the probability distribution function of x
An article in the Economist referred to the "prospect of another Lehman moment." The article noted that: "Governments are once again having to step in to support their banks." What did the article mean by another "Lehman moment"? Why might Europea..
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