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Read the article, "The Ethics Of Big Data". Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data. Respond to at least two of your classmates' posts.
According to the quantity theory, in the long run, an increase in the growth rate of ________ leads to an increase in the ________ .real GDP; inflation rate the quantity of money; growth rate of real GDP the quantity of money; inflation rate
Illustrate what does the law of increasing opportunity price say and what is its implications regarding steel and textile manufacturing.
The table above has the market demand schedule in an industry that has two firms in it. The marginal cost of this product is zero because these two firms have exclusive ownership of the resource and it does not cost any additional amount to produc..
What method is used to ration goods in a market economy? How does this rationing method influence the incentive of individuals to supply goods, services, and resources to others? How are grades rationed in your economics class?
Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition.The cost of keeping the car to you is.
Suppose that in 2012, the following prevails in the Republic of Askil; Suppose that households consume 75% of their income and save 25% of their income.
At some of these schools, economics professors have lighter teaching loads than professors in some other fields. Illustrate what role do the differences in teaching loads play.
Say the Federal Reserve wanted to increase the money supply in order to lower interest rates in order to stimulate the economy so that unemployment will be reduced. What are the negative effects of this situation?
Describe the Diamond-Water paradox and the solution. Explain why price is greater than marginal revenue for a single-price monopolist and how this differs from perfect competition.
In an article about the financial problems of the USA today, Newsweek reported that the paper was losing about $20 million a year.
Describe the total shortage associated with the price ceiling. Compute the full economic price. How much is the non-pecuniary price.
Mable has balanced the cost against the benefit of bringing a lawsuit against Harvey. She has decided to sue him for monies owed to her as per a contract the two entered into. However, she would much rather settle her case at the pretrial hearing.
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