Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. The Circular Flow Model with Government is another important model for students to understand. a. Please explain what the model shows us. b. List and explain the assumptions of the model. i. There are 3 assumptions of the Circular Flow Model with Government. You should be able to list and explain each. c. List and explain the characteristics of each component – be thorough. i. Government sector – list and explain the characteristics ii. Household sector – list and explain the characteristics iii. Business sector – list and explain the characteristics iv. Product market – list and explain the characteristics v. Resource market – list and explain the characteristics d. Thoroughly explain how each component of the model interacts with the other components – be thorough. i. Explain how all of the sectors and markets interact with each other. You can do this as part of your answer to part ( c) if you like.
2. Demand, Supply, Market Equilibrium a. Please Thoroughly and completely explain the Law of Demand i. Define demand and state the law of demand. ii. List and explain the 3 factors that support the law of demand. 1. List and explain each of the 3 factors discussed in the slides. iii. List and explain the determinants of demand and how each can either cause an increase in demand or a decrease in demand. 1. List and explain each of the 5 determinants and how they impact demand. iv. Thoroughly and completely explain the differences between a change in demand and a change in quantity demanded. 1. You should be able to explain each of these cases and draw a picture of each case.
In 2014, Thomas Piketty came out with a popular book, “Capital in the Twenty-First Century.” In it was a model not unlike the Solow growth model, discussing the long-run implications for the capital-to-income ratio, k/y. What are the differences betw..
Jim produces and sells $1100 worth of flowers. Jim uses no intermediate inputs. He pays his workers $700 in wages, pays $100 in taxes and pays $200 in interest on a loan. What is Jim's contribution to GDP? What are Jim's profits?
Direct investment inflows by foreigners into the United States have been sizable in recent years. How might this net inward movement of capital affect the level and pattern of U.S. trade according to the Heckscher-Ohlin model? The level of world outp..
A container contains 36 light bulbs, four of which are defective. What is the probability that, if a sample of eight is chosen at random from the carton of bulbs, x will be defective?
Why does the Federal Reserve expand and contract the money supply? What are the four ways the Federal Reserve accomplish this task? How do each of the methods accomplish the intentions of the Fed? Which method(s) is most important/desirable? Which me..
In what ways have the problems caused by the recent economic crisis affected business firms? In what ways have these problems affected employees and individuals?
Find out and read two articles about a recent controversial issue involving either the Federal or state government and eminent domain.
What could be the full increase in real GDP from the change in government spending assuming that the aggregate supply curve is horizontal across the range of GDP being considered.
Efficiency-wage theory suggests that to improve workers performance, firms should:
A large life insurance company has decided to switch from using a strong fear appeal to a humorous approach. What are the strengths and weaknesses of such a change in message strategy?
Are there any changes in the system that could improve savings rates? Should saving be the sole responsibility of individual citizens, or should corporations, financial institutions and markets, and government agencies have active roles in regulating..
What are the fixed costs? What are the variable costs? What is marginal cost? [Hint: for the marginal cost, consider making a small table and determine marginal cost for different values for Q.] Derive relationships for AFC, AVC, and ATC. What is ave..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd