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For this assignment, provide an outline of your paper and at least five sources (in APA format) that you are using. Your outline should include the five economic concepts that you will apply to your topic analysis as well. Submit your chosen project topic, description, and potential sources of data. The topic is mininum wages/unemployment issues the five economic concepts are globalization, price issues, supply and demand, antitrust issues and market failures.
Need five references
A tax is imposed on a certain good. The tax produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and it reduces producer surplus by $4,000. What is the amount of the deadweight loss of the tax?
An economic system, in which economic decisions are controlled by the internal interaction of supply and demand, is known as a Illustrate what.
How could war stimulate the economy? Explain in detail, making sure to mention the impact government purchases have on Gross Domestic Product (GDP). Also, make sure you make mention of how government purchases affect the private sector. Finally, desc..
Which is the largest component of expenditure in a three sector model? Which component of aggregate expenditure is more volatile? Explain why?
Data show that the age earnings profiles of woman are considerably lower and flatter than those for men. Can you explain these differences?
A firm increases the quantity of all resources it employs by 5 percent. As a result, output increases by 7 percent. This is an example of: A. Minimum efficient scale B. Diminishing marginal returns C. Decreasing long-run average costs D. Economies of..
Draw a graph showing market for squash at farmers’ market that depicts positive profit. Next show what will happen to this graph when positive profit attract more farmers to the market.
Draw hypothetical supply and demand graphs for men and women to both occupations assuming that some of each gender prefers each job. Now, assume that discriminatory actions take place in the restaurant business preventing men from becoming chefs.
the simple interest for buying a passenger transit rail is shown as the product of the principle amount p time in years
A test is conducted in eight cities to see if giving away free transit system maps will increase bus ridership. In a regression analysis, the dependent variable is the increase
If the average adult produces $90,000 of output per year, how much output is lost as a result of adult deaths from secondhand smoke, according to the News on page 74?
Suppose that Omar’s marginal utility for cups of coffee is constant at 2.5 utils per cup no matter how many cups he drinks. How big would that budget have to be before he would spend a dollar buying a first cup of coffee?
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