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Pick one market in which the price system does not produce an equitable price and quantity of output. Write a paper of 250 words minimum discussion with at least (2) sources cited in the MLA format. Include in your discussion:
(1) What action has our government taken in order to provide this good or service in an equitable fashion?
(2) What are the alternatives to government intervention?
(3) What has been the end result of government intervention?
Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.
Joe and Jim purchase vegetables at a grocery store, but Jim also grows vegetables in his back yard. Only Joe’s grocery store purchases are included in GDP. Only Joe’s and Jim’s grocery store purchases are included in GDP.
What is the natural rate of unemployment? If the economy were at a steady-state unemployment rate with a separation rate of 0.025 per month and a job-finding rate of 0.4 per month, and the labor force consists of 100 million workers, on average how m..
Amalgamated Popcorn, Inc. is a fairly small firm selling bags of flavored gourmet popcorn in a popular mall. Compute the elasticity coefficients for price, advertising, income, and cross-price. You are currently paying $.45 for popcorn (including co..
What is the effect of an increase in the tax rate on interest income on the supply of and the demand for loan able funds?
q1. explain the effects of the increase in global demand for cell phones on the market for cell phones and on an
Assume that the marker for tradable emissions permits by power plants has been operating efficiently for several years. An engineering firm then invents a lower cost device for pollution abatement. What happens to the equilibrium market price of a tr..
The maximum price that a few of the consumers are willing to pay is $0.20 per pound of cheese, and the price floor is set at $0.17 per pound. With the price floor at $0.17 per pound of cheese, consumers buy 211 billion pounds of cheese. How much cons..
The Federal Reserve decreases the required Reserve Deposit ratio and it now equal to 20%. Show the new balance sheet of the commercial bank. Find the new money supply in the economy.
What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?
A simplified representation of the real world that has the ability to predict or provide explanations for what really happens is known as a(n) ______________ of behavior.
Mrs. Smith is earning a loss and should shut down in the short run. Mrs. Smith is earning a loss but should continue to operate in the short run. Mrs. Smith is earning a profit since the price is above the average variable cost.
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