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Discuss with your classmates the economic effects of the healthcare legislation (Affordable Care Act) recently passed by Congress. You don't have to do a lot of research, but do Google "Affordable Care Act" and look at some major provisions and discuss their economic implications. Focus on the major provisions of the act. This is not to be a gripe session, but an evaluation of the provisions from an economics perspective.
Suppose John now has W = $4900 and foresees that there is 50% chance encountering a big loss of $4800 in the future. Assuming that John's preference can be described by the utility: U ( W ) = sqrootW. What is John's expected future wealth? What is Jo..
We use percent-changes in the formula for estimating the price elasticity of demand coefficient in order to:
Assuming gasoline and tires to be complementary goods, the initial effect on the tire market of an increase in the price of gasoline (other things being equal) would best be described as a an increase in the demand for tires b a decrease in the deman..
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
Suppose that the Indian government reduces its deficit and returns to a balanced budget. If other thing remian the same, how will the demand or supply of loanable funds in India change.
The United States government releases a report saying that coffee consumption makes you live a longer, healthier life. At the same time, we discover that a very bad winter has killed most of the coffee plants in Brazil. How will these two changes aff..
Elucidate the evidence that supports these recommendations and how your recommendations might need to be modified for the alternative economic futures
Let's say our government runs an advertising campaign, encouraging its citizens to reduce spending money on consumer items, and instead save more money. How does this affect economic activity?
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
Suppose the output per effective worker is production function is y=10k1/2, where k equals the amount of capital per effective worker and the capital lasts an average of 10 years. Calculate the growth rate of total capital income and the growth rate ..
One commentator suggested he knew the reason for China's success, writing: "On my visits to China I noticed the finished apartments were so poorly made that they will need to be replaced in less than 15-20 years. This is the secret to their economy. ..
Consider a small barter economy with only two individuals, John and Mark. John’s preferences for the two available goods (x and z) are given by. Draw the Edgeworth box for this economy including example indifference curves for each individual and the..
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