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1. Provide an example of each of the factors of production and how the government may alter the factor to expand the productive ability of the economy? Provide a chart if needed?
2. Explain the concept of comparative advantage. How does this concept explain that it is advantageous for the US to trade with a country at a markedly lower level of technological development? Provide a chart if needed?
3. Explain how a minimum wage may allow for more discrimination to occur in a workplace. Is this a certain conclusion? What market conditions would mitigate this outcome? Provide a chart if needed?
4. Explain the assumptions behind the model of perfect competition? Provide a chart if needed?
5. Explain the sources of the recent housing price "bubble"? Provide a chart if needed?
6. Using the PPF and Circular Flow models explain how a government shutdown will likely alter the short- and long-run health of the economy? Provide a chart if needed?
The makers of Tylenol pain reliever do a lot of advertising and have very loyal customers. In contrast, the makers of generic acetaminophen do no advertising, and their customers shop only for the lowest price
Describe various revenue models available as video content shifts from atoms to bits. What are the advantages and disadvantages to each - for consumers, for studios, for middlemen like television networks and Netflix?
What is the group preference according to the plurality rule and what is the group choice according to the Borda count rule
Describe the opportunities that might be available through better use of information technology (IT) in the U.S. health care system. What might explain the system's failure to better capitalize on these opportunities
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market.
If the marginal propensity to consume equals 0.75, a $6,000,000 increase in government purchases will result in what increase to total output, assuming no crowding-out effect exists? A. $4,500,000 B. $6,000,000 C. $8,000,000 D. $24,000,000 E. $1,50..
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes in one factory. However, it is considering expanding production to two or even three factories.
What will happen to Y (GDP), r (real interest rate), P(price level), and I(investment), in the short run ?The answer should indicate will these values increase or decrease in the short run.
Show the effects of a price ceiling and a price floor on a market. As for what happens with valuing is different than equilibrium, a rate Floor is Minimum wage where wage rate is bigger than the rate at equilibrium.
You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is..
Can you please provide me an example of the company that has made a strategic decision based on productivity and costs.
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