Government were severely constrained by scarcity

Assignment Help Macroeconomics
Reference no: EM131236738

The U.S. is one of the worlds wealthiest countries think of a recent case in which the decision of the U.S government were severely constrained by scarcity. Describe the trade off that were involved. What were the opportunity cost of the decisions that were actually made?

Reference no: EM131236738

Questions Cloud

Understand about economies of scale : What Can George Steinbrenner Teach Us About Economies and Diseconomies of scale? From 1972-1976 the Oakland A's and Cincinnati Reds won all five of baseball's World Series Championships. Despite this amazing success, only 5 of those players went on t..
Inverse demand equation for the commodity : A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced.
List the determinants of elasticity of demand : List the determinants of elasticity of demand (Ed). Explain what each determinant means. Identify two examples from your own personal or professional life that illustrates EACH one of the determinants of elasticity.
Find the benefit maximizing level of output : A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced. The cost structure of this firm is summarized ..
Government were severely constrained by scarcity : The U.S. is one of the worlds wealthiest countries think of a recent case in which the decision of the U.S government were severely constrained by scarcity. Describe the trade off that were involved. What were the opportunity cost of the decisions th..
Think technology makes workers more or less productive : Why is technology such an important part of the labor market? Do you think technology makes workers more or less productive and how does it relate to their wages?
Decision impact the chip manufacturers sales and net profit : A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. The vice-president of manufacturing, concerned about a possible loss o..
Why is their a growing disparity between the rich and poor : Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
External environmental categories are government with factor : The 2 external environmental categories are government with factor, specific election results and economic interest rates with factor, interest rates . For factors, define and explain what increase, decrease, and steady state are.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Impact of ict in economic development

Problem: Explain the impact of ICT in economic development?

  Problem regarding the economic and political system

Define what is an economic and political system that calls for public ownership of virtually all enterprises, under the direction of a strong central government?

  Find the equations determining the steady state

Economics 312/702 - Macroeconomics: Problem Set 1. Find the equations determining the steady state, and characterize the steady state as sharply as you can. How does having elastic labor supply (v ≠ 0) affect the steady state levels of consumption ..

  Discusse the impact that trade restrictions such as tariffs

Discusse the impact that trade restrictions such as tariffs and quota have on the price of imports.

  Discourage long run growth through their policies

Analyze the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita, and how governments can contribute, or discourage long run growth through their policies a..

  Work out the total output per day

Tom and Jerry are both enterpreneurs and are producing hats and scarfs. Tom is producing 1 hat and 3 scarfs per hour whereas Jerry is currently producing 2 hats and 5 scarfs per hour. Now they want to increase their production and exports as well...

  Elucidate when producers reduce price for good

Elucidate when producers reduce price for good and services, it increase consumers surplus and everyone standard of living.

  How can governments influence the long run rate

Question 1: How can governments influence the long run rate at which the economy grows?

  Vulnerability analysis

Vulnerability Analysis

  What makes marketing so much nore attractive

Marketing refers to the four P's in duscussing firm strategties. Why do you think price is the most powerful and important P that the firm has at its disposal What makes it so much nore attractive as a tool as compared to the other Ps

  A answer the following questions using the aggregate

a answer the following questions using the aggregate expenditures model of the economy described below. c 80 .6yd t

  Determine what the tangible and intangible benefits are for

determine what the tangible and intangible benefits are for a a computer b a tube of toothpaste and c a beauty salon.i

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!

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