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Assignment
Exploration of Mars
Do some research on NASA and the U.S. government's goals for sending a human to Mars. Find the answers to the following questions:
• What are our goals for Mars exploration (i.e. by when do we hope to reach Mars and what do we want to find out about it)?• What obstacles must be overcome to have a successful manned trip to Mars?• What is the scientific value of going to Mars?
After doing your research, take a position on Mars travel. Do you think we should spend billions of dollars to explore Mars? Why or why not?
Show these data graphically. Upon what specific assumptions is this production possibilities curve based? What would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a lev..
The insurer spends an additional $4 to process the claim. The patient incurs travel costs of $20. What are the costs of the visit from the perspective of society, the patient, the practice, and the insurer?
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What price should the firm charge in each market? Calculate the annual deadweight loss (DWL) to society due to the drug firm's market power in Zatab. What exactly does this deadweight loss represent?
Which methodology is the most robust? In other words, how well can it be adapted to suit different projects or circumstances? What is the underlying philosophy for each methodology?
Select one Economics related article from the Wall Street Journal, the New York Times or the Economist that pertains to Money and Banking.
Assume you received a four percent increase in your nominal salary.
Do a market analysis for the product. Each group may carry out some desk research and fieldwork and do a write up on the following details of a product your group have chosen.
A firm in a perfectly competitive market invents a new method of production that lowers marginal costs. What happens to its output? What happens to the profit it receives and the price it charges?
The labor market is traditionally protected by union in many industries such as automobile and K-12 education (public schools) What are the pros and cons of unionizing a workforce What about minimum wage rate What are the pros and cons
Use the bonds market and money market expositions( side by side) to explain interest rate determination. Discuss how central bank actions may produce a totally different outcome on interest rates than what your diagram show.
Explain how many additional workers do you think will file umemployment claims in your state
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