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Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8 (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply).Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.Explain how the concept that you identified in Question 2 could affect the U.S. economy.In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response
1. Adam Smith favors a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How? It is pos..
Has the Fed saved us from another Great Depression? Since the recession of 2007, the U. S. Federal Reserve has increased bank reserves and brought the federal funds rate (interest rate charged by banks on interbank loans) down to 0.25 %.
How does the problem of limited and bundled choice in the public sector relate to economic efficiency? Why are public bureaucracies alleged to be less efficient than private enterprises?
the price of gasoline in europe is much higher than in the united states and the reason is that the gas tax is much
Peter Higgins is a sales agent for XZY Company. He has an effort cost function of C = e2 and a reservation wage of $1,500. His wage package is W = 1,500 + 0.2Q where the CEO sets the incentive at 0.2 and Q = 200e. Q is the output. If the CEO increase..
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Consider a football franchise with 10 home games and two types of tickets (high quality and low quality) facing consumers of two types as described below:
Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher payoff?
An industry is composed of 20 firms, all with equal sales. The Herfendahl Index ratio in this industry is a. 1000 b. 500 c. 800 d. This cannot be determined from the information given.
the ali baba co. is he only supplier of a particular type of oriental carpet. the estimated demand for its carpets is
Plot a scatter chart to examine the relationship between the Year Movie Released and Sales. Include a trend line for this scatter chart. What does the scatter chart indicate about Sales over time for all the movies?
why has nominal gdp increased faster than real gdp in the united states over time? what would it mean if an economy had
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