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We have had periods in our history where our money has received its value from different sources. What are commodity money, commodity backed money and fiat money? What are the positives and negatives of each type of money.
In the 1st half of the 20th century, AT&T had a near monopoly on local and long distance phone service. The company charged a price for local telephone services.
Economic opportunities arise from nations which develop industries in which they have a comparative advantage.
Illustrate factors combined to alter the context of European economics development and how were they evident in the economic problems faced by European nations in the inter war period.
How might there be increase in total spending on a child's education in response to providing a fixed level of education?
Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.
Illustrate what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.
Elucidate what is the cross elasticity of demand for pipes and pipe tobacco.
Explain why may a government solution to a marketplace failure worsen the market failure.
What are the current values of the three main macroeconomic indicators and Why does the demand curve for money increase (more money demanded at all interest rates) when GDP increases?
submit a single page with two graphs or tables on it displaying this information. Write a short paragraph or two that says what the data show.
The size of the worker force in a community these folks are gainfully employed What is the unemployment rate.
For every following events, consider how you might react. What things might you consume more or less of would you work more or less.
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