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A. Health care. This, of course, is a huge economic issue now with the attempted startup of Obama care. In your analysis here do not focus on the software issues. Those are technical problems and, granted, the system failed two weeks before release with 200 people signed on so it is pretty apparent that only the ego of the President caused it to still be released two weeks later with the proposition that it could handle 50,000 people at once. Focus instead on the fundamental basics as it related to the simple principles you learned in microeconomics about resource allocation(take a quick look at chapter 2 for a simple review and numerous methods of saving life years and their costs for ideas). For example, millions of people who were satisfied with their insurance have received cancellation notices from their carriers because their policies didn't meet Obama care requirements like pediatric dental care or maternity care. How does this interfere with the workings of a market system. How does this relate to economic policy. What would the classics say about the program. In general, how have the principles you have learned in this course affected your views on this topic.
B. In spite of continued expansionary policy on the part of the Federal Reserve unemployment is still around 7% of the labor force. We are fully employed when that number is 4.5%. How have various factors like minimum wage laws and union negotiations affected this rate. How have unemployment compensation and other social network programs affected it. How has this affected our federal deficit and debt. Again, how have the principles you learned in this class affected your views in general.
C. In general, share how the things you have learned have changed your views on any current issues. Were there any areas in which you were enlightened from the things you learned. This topic is wide-open for you to discuss anything you like.
Assume you run a pizza store and currently have two workers. If you hire a third worker, your output of pizzas per day rises from 55 to 65.
Monopolies are price makers and as such should be able to set price where they will make a profit. Is this statement true? Why or why not?
Starting in late 1970s and continuing through the 2000s, business environment moved toward relying less on government regulation and more on marketplace to get desired economic targets.
Mention five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved? Is that reason justified?
Your firm sells a very popular children's game. As the manager, you have received information that another firm is thinking about introducing a similar game. You have the following facts:
Suppose the market discount rate is 20% instead of 5%. Should he now charge the limit price to deter entry or accept the entry? Assume his goal is maximize the PV of long-run profits.
Quantities purchased are the same but prices are not. What does this mean in terms of the marginal rate of substitution at those quantities?
Furniture manufacturing involves a huge number of options to satisfy consumer preferences, but this extensive set of choices slows production and raises costs.
How many nurses does National Hospital employ, and what wage will National pay its nurses, what is the deadweight loss arising from monopsony?
How does your consumption of the two goods change? How does your response depend on income and substitution effects? Can you afford the bundle of soda and pizza you consumed before the price changes?
Examine the history of immigration to the United States from the Cape Verde Islands. How did the immigration to the US impact Manuel?
Suppose that you have to charge a uniform price. That is you post a price and one canbuy as many units as one wishes at that price. What would be your price?
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