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The United States is currently recovering from its bad recession in over twenty-five years. Using the resource provided in this and earlier modules of course describe what factors or activities you think helped cause this economic situation.Briefly describe what you would have proposed, as President of the United States, to end the 2007-2009 recession. A very large book could be written on this topic so please keep your answer to 2 paragraphs.
Require some good concepts on a solution to the following situations. How can we pay for this solution? Cuts in present programs or new taxes?
Explain the median housing price in a community
New Light Corporation has just created a solar panel capable of generating 200 percent more electricity than any solar panel currently on the market. As a result, New Light is expected to experience a 15% yearly growth rate for the next 5 years.
The demand and supply curves for T-shirts in LA, Ca, are given through the following equations, Determine the equilibrium price and quantity after the shift of the demand curve.
Suppose you are the CEO of ClipIt, a paper clip producer. Your firm enjoys a patented technology that allows it to make paper clips faster and at a lower cost than your only rival, FastenIt.
What are the characteristics of a Perfectly Competitive Market and what are the Characteristics of a Monopoly?
Would the accumulation of historical prices and quantities exchanged in the market establish a long-run supply curve? How would the historical relationship differ from how firms (and economists) envision today's long-run supply in the industry?
Microeconomics is considered to be the study of scarce resources. Here, customers must make allocation decisions. These 3-basic trade offs include which goods or services are to be manufactured,
Give a brief summary of economic costs. In the short-run, why might a firm still operate even when there is a loss.
Discuss how the rights of those in the public sector differ from those in the private sector, and how it affects overall public sector productivity.
Explain the circumstances in which a monopolist may encounter a free rider problem and determine the senses in which a perfectly-discriminating monopolist is efficient or inefficient.
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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