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Select an economic problem mentioned in the textbook as the topic for a policy recommendation.Write a six to eight (6-8) page paper modeled as a policy recommendation in which you:Briefly describe the economic problem you have selected.Assess the impact the problem poses to society.Design an economic policy solution to the problem.Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders.Analyze how the economic policy proposed would impact the market or solve the economic problem.Use at least five (5) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required page length.The specific course learning outcomes associated with this assignment are:Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues.Assess how the economic behavior of individuals, businesses, and governments can affect economic growth, social well-being, and the quality of life.Use economic analysis to describe the social costs and benefits of government and public policy choices.Analyze the relationship between economic activity and the resources available in a society.Appraise the role of large firms in terms of economic performance and social impact.Assess the major economic and related social issues associated with production, resource markets, and international trade.Use technology and information resources to research economic problems and issues.
Suppose that people expect the Fed to hit its inflation target. A: Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
All the big computer manufacturers have little "Intel Inside" logos in their television advertisement.
Explain what is the maximum amount of new loans that this bank can make. Show in column 1 how the bank's balance sheet will appear after the bank has lent this additional amount.
Suppose individuals require a certain level of food (x) to remain alive. Let this amount be given by X0. Once X0 is purchased, individuals obtain utility from food and other goods (y) of the form.
neither person may trade away any water to the other for exchange for more bread. Set up an Edgeworth Box to depict this situation and elucidate why it is unlikely to be Pareto efficient.
Explain how do you suppose the tickets were rationed. Sketch supply and demand curves for the tickets to each of the two games.
A concerned Congress votes to impose a price floor $2 above the equilibrium price. Illustrate what is the new market price.
Illustrate what price should the firm charge if it wants to maximize its profits in the short run. What arguments can be made for charging a price higher than this price.
If the entry barrier is removed consumers will be better off because consumers will enjoy greater consumer surplus. Explain.
Assume 200 videotapes are rented when the price is $4. If the price drops by $.80, the number of videotapes rented increases to 220. Which of the following statements about the non-arc price elasticity of demand is true.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
You manage a company that competes in an industry that is compromised of five equal-sized firms.A recent industry report indicates that a tariff on foreign imports would boost industry profits by $ 30 million
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