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Discussion Question
"War and Peace" Please respond to the following:
• Based on the lecture and Webtext materials, address the following:
o Discuss substantive ways in which armed conflict can contribute to or distract a developing economy and infrastructure. Analyze specific reasons why developed nations do not experience the same kinds of social upheaval.
Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item..
Describe what happens to price of a bond that pays a fixed percent of the face value every year when interest rates in the economy rise.
Derive a condition that would ensure that the government debt is guaranteed to be sustainable because the debt to GDP ratio eventually declines to zero
Write down his budget constraint and a utility function that captures his preferences. Draw his budget constraint and three of his indifference curves.
The government decides that eating ice cream is a socially desirable activity and passes a law giving consumers 50 cents for each ice cream cone they eat. What is likely to happen in the marketplace once this policy is in effect What are consumers..
Using a production possibilities curve, explain (using narrative and graphs) the opportunity cost principle. Please provide a “real-world” example where this principle would be applied in the public/healthcare/nonprofit sector.
One current economic issue facing the American government is ensuring people in danger of foreclosing on their homes can keep them. Explain why this issue is important
Illustrate what does the report say about the corporation view of future business challenges and the market in which it operates.
Elucidate how OPEC would determine the price of oil and the level of output produced by the cartel. How would OPEC's price and output be affected by new discoveries of oil.
Suppose that the supply and demand for oil. Starting from a point where supply and demand are in equilibrium, describe with use of a diagram how a global recession is likely to affect equilibrium value and quantity of oil bought & sold.
There are 4 factors that influence the price elasticity of demand: The availability of substitutes The specific nature of the good The part of income spent on the good The time consumers have to buy the good
suppose a person defects from cuba (a country that generally disregards the use of markets) to the united states and asks to see a market in action. when would you take her did you give her a complete showing of this market
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