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Journal entry questions are related to the application of the key concepts you learn to the real-world economic issues. The questions contain key economic principles and ideas related to the Macroeconomics topics you are learning. Please feel free to express your perspectives and state how the economic principles and ideas affect your economic decision making process. You should note that there is a limit to the number of words for the Journal entry. You can only enter the maximum 400 words.
Journal
a limo company specializes in transporting people to and from the airport. It competes with local taxi and public transporation as well as people deciding to drive their own cars. The demand for the firms services has been increasing as more consu..
Insurance companies must provide insurance to drivers who may take risks that go unreported because they don't wreck or get ticketed (or if they do wreck or get ticketed, it goes unreported to the insurance company).
Why do public goods demonstrate the limitations of a free market economy. they allow consumers to make all of the economic decisions or else.
Compare and contrast the following broadband methods for home Internet access: Cable, DSL, Satellite include a description of each, pro's and con's and why you select one over the other.
several years ago the university of hawaii decided to make some significant increases in the prices it charges for
If the elasticity of crime with respect to the number of police is estimated to be -0.5 and the number of police fell by 5% and annual expenditures on police are equal to $60 billion and the cost of crime to victims is estimated to $400 billion then ..
If the sellers are restricted to announcing a single price per unit for their goods, is pricing at cost (i.e. 0) for both firms an equilibrium? Explain.
One can derive a demand function for health and for medical services from the Grossman model. Explain the differences between the two demand functions. Why does demand for health and for medical services depend on age?
Write an analysis on the prevailing economic conditions in Canada and globally. Your report must include discussion on common economic indicators, and the analysis should be current.
Using the AD-AS model explain how the economy will adjust in the long run. Should the government undertake any proactive fiscal or monetary policy in this situation?
A stockbroker has proposed two investments in low-rated corporate bonds paying high interest rates and selling at steep discount (junk bonds). The bonds are rated as equally risky and both maure in 15 years.
What is the value of the marginal propensity to consume and what is consumption at an output of $1,000 billion?
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