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Select an article in a newspaper or magazine that discusses a government policy on goods or services. Analyze the situation and in 600â€"1200 words:
Summarize the article using at least three economic terms and theories covered in class.
Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s).
Draw a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.
Why would equal-sized falls in aggregate output due to a fall in aggregate demand have different effects on magnitude and duration of unemployment in se two economies.
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
Firm manufactures bicycle component upgrade kits. Kits have a short-run average variable cost of $48 and are sold for $66 each. What is breakeven level of daily output for firm.
Calculate the following: quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
Explain would your answer differ if you and your rival were required to resubmit price quotes year after year and if, in any given year, there was a 50 percent chance that Toyota would discontinue the Highlander.
The number of hours you study for an exam and your exam score. The price of pizza and the quantity purchased. The number of games the university basketball team won last year and the number of season tickets sold this year.
Then click on Reports and then Beige Book to retrieve the summary report for current economic conditions by Federal Reserve District. Select the most current report.
Elucidate the difference between tariffs and quotas. Who is harmed and who benefits by this restriction on trade.
When on leave, workers receive 55% of their normal paya. Illustrate what are the likely responses on the demand (employer) side of the market.
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
Illustrate what is the marginal revenue product function. Assume which most workers in Pakistan work 48 hours per week also which there are four weeks in a month.
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