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Assignment
Identify government policies on competitionExplain concepts of microeconomicsDescribe supply and demand from a microeconomics perspectiveExplain market influences such as consumers, products, and profits on business strategiesPredict the overall performance of an economic systemCompose and present a research paper on economics
From the list below, please choose a particular environmental policy that is being used in the United States. Write a 4-page paper (including the title page and reference list), that accomplishes all of the following:
1. Explains the policy2. Gives an example where it has been used3. Explains why it is has improved the problem it was meant to correct4. Explains how economic principles are used in the design of the policy
Policies
• Carbon tax• Cap and trade• Emissions taxes• Environmental standards (command and control)• Subsidies for firms that invest in clean technologies.
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950’s. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950’s.
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks,..
What happens when supply is totally elastic or totally inelastic, and a subsidy is given by the government: Will the producer change the amount of units he’s supplying to the market? And will the price received by the producer be reduced
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:
q.1 long-run labor demand and factor substitutabilitysuppose there are two inputs in the production function labor l
Illustrate what are the pros and cons of regional trade areas such as the European Union and NAFTA.
The owner of Ryan's Car Wash believes that the relationship between the number of cars washed and labor is Q = - 0.6 + 4L - 0.8 L2, where Q is the number of cars washed.How many people should be employed to maximize profit.
The government purchases component of GDP does not include spending on transfer payments such as Social Security. GDP does not also include the value of used goods that are resold.
Helen is buying a 12,375 car with a 3000 down payment, followed by 36 monthly payments of 325 each. The down payment is paid immediately, and the monthly payments are due at the end of each month.
Assume that at maximum production levels, Japan can produce either 100 CD's or 50 DVD's. The U.S. can produce either 90 CD's or 30 DVD's.
What do you see as the benefits and costs of incomeredistribution? To what extent should the government seek toequalize incomes and how does this affect personal initiative? Isit fair that a couple of guys who start a business in a garage canbecom..
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
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