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From the economist's perspective (whichever economist you chose), answer the following:
1) Summarize the economist's key philosophies
2) Explain how the Three Basic Questionswould be answered
3) Discuss how the Factors of Production should be managed under your economist's perspective
Students will be required to submit thorough essays (500 to 750 words excluding reference page) that answer all questions applying to the assignment and provided by the author. Do not submit as either a numbered Q&A or as a bulleted list of data, rather submit a completed written paper. It is in the best interest of the student to not wait until the last minute to work on and submit the writing assignments. The stress and feeling of being overwhelmed can be avoided by using time management and not procrastinating in the completion of the writing assignments.
The student should relate the case to the textbook materials and issues. All students should do any internet and/or library database research required prior to writing the response, multiple sources adds to the credibility of the paper. Ensure that proper grammar, sentence structure, and material citations are included for maximum point consideration. Neglecting to cite other authors original material is plagiarism and will be graded accordingly (see the Academic Honesty Section of the syllabus), include properly formatted reference pages with your written assignments. A minimum of two (2) reference sources in addition to your textbook are required.
(TCO 6) a) Identify the four major tools of monetary policy. b) Describe how changes in the Fed's major policy tools leads to [1] expansionary and [2] restrictive or contractionay monetary policies.
The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is th..
What effect on the price elasticity of demand for commuter rail is there likely to be from a decrease in the price of gasoline? Explain your answer
Create a change management plan and communication plan of 1,050- to 1,400-words. The word count includes the example communication.
What factors might contribute to a low level of productivity in an economy Compare these to the rapid productivity growth experience by the United States during the 1990s.
Why is marketing necessary for a practice or hospital to be successful? What considerations should be taken into account when marketing health care services or products? (Hint: Think about all the medication ads you see on TV or in magazines - how ..
Where Q is weekly production and P is price, measured in cents per unit. The firm"s cost function is given by C = 60Q + 25,000.Assume that the firm maximizes profits.
Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?
Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day he quits his job, sells $100,000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a book store. At the end of the y..
In terms of trading bloc characteristics, how does the EU (European Nation) compare with the 50 States in the U.S. ?
Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years. What is the future worth at the end of 10 years when the interest rate is 9% compounded at the given intervals?
What is the profit maximizing level of output - what is the maximum profits firm can attain and why would this firm decide to produce instead of shut-down?
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