User Account

All Pages

Discuss how no product is really free

Assignment Help Macroeconomics
Reference no: EM131477142

Macroeconomics Assignment.

No Free lunch - "There is No Such Thing as a Free Lunch"

Begin this case by listing products that you may think you might be able to get for free. (for example, coupons for free food or drinks at fast food restaurants or buy-one-get one- free gimmicks). After making the list, please write an analysis, based on personal experience, research, and other resources as to how a restaurant or other place of business would be able to pay for that product. Discuss how no product is really free, how producers may raise the price of other items to pay for the so-called free items. Justify the term many economic educators use: TINSTAAFL. TINSTAAFL is an acronym for There Is No Such Thing as a Free Lunch. Explain the notion that nothing in life is free because there is scarcity and each society must deal with this scarcity.

Reference no: EM131477142

Questions Cloud

Define and explain back loaded compensation. : Define and explain internal market. Define and explain back loaded compensation. Why some industries offer life time employment?
Create a code of ethics for you and your family : Create a code of ethics for you and your family, as well as to explain the strategies and thought processes that went into developing the code.
Find money growth and bond interest rate : Economists have long believed that the more money printed, the higher will be long-term interest rates. Evidence for this view can be found in the table below.
What is the demand for this technology in your community : What is the demand for this technology in your community? Include a supply and demand graph to demonstrate your findings. Make sure you use proper formatting.
Discuss how no product is really free : "There is No Such Thing as a Free Lunch"- Discuss how no product is really free, how producer may raise price of other item to pay for the so-called free items.
Explain qualitative forecasting techniques that could be use : From scenario for Katrina's Candies, assuming absence of quantitative data, determine qualitative forecasting techniques that could be use within this scenario.
Fuzzy system for forecasting electricity price : A Fuzzy System for Forecasting Electricity Price - Develop a fuzzy forecasting system using Matlab Toolbox. The system performs a forecasting task for power marketing price.
Calculate the split-adjusted returns : Compute the covariance and correlation coefficient between IBM and Kellogg (previous two questions). Are there any advantages to diversifying between IBM.
Explain how society manages its scarce resource and benefits : How society manages its scarce resources and benefits from economic interdependence. Why the demand curve slopes downward and the supply curve slopes upward.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd