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Discuss with your classmates the economic effects of the healthcare legislation (Affordable Care Act) recently passed by Congress. "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 that the supply for potatoes is Qs=2000+200P and the demand for potatoes is Qd=4000-300P-2I, where P is Price and I is Income. Let I=500. are potatoes a normal good or an inferior good based on the demand function? briefly explain. solve for ..
When illegal immigrants come to the U.S. from Mexico, does their act of moving here to work promote Purchasing Power Parity? Are they performing arbitrage in some market? Explain.
Describe expansionary/contractionary discretionary fiscal policies. Describe non-discretionary fiscal policies and explain when and why they col increase a budget deficit.
Indicate whether the following statements are true, false, or uncertain? Inflation hurts borrowers and helps lenders because borrowers must pay a higher rate of interest. B) If prices change in a way that leaves the overall price level unchanged, the..
A sum of $16,000per year will be received uniformly over a five-year period beginning two years from today. What is the present value of this deferred- funds flow if interested is compounded continuously at a normal rate of 9%.
The application of current US antitrust law
How aggressive should Siemens be in pursuing these new technologies? Is it better to be a first mover and set the standard, or let other firms take the initial risk and then capitalize on their discoveries?
Assume good X is normal. Plot a graph to illustrate the income and substitution effects of an increase in PX, holding PY and I constant. Now suppose X is a Giffen good. Plot a graph to illustrate the income and substitution effects of an increase in ..
A political platform based on monetarism would advocate: With regard to unemployment, may monetarists believe: According to “The Power of the Market” what factor “enables people to cooperate peaceful in one phase of their life while each goes about h..
the short-run equilibrium values; and vi. the long-run equilibrium values. State in words what happens to prices and output in the short run and the long run.
Detail the collapse of the Soviet Union and of the international political system. Describe the dilemmas faced by international political relations scholars at that time as a result of these collapses. How this impact foreign policy did at that time,..
Explicates how the factors determining resource demand differ from those determining product demands.
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