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Problem 1: Using either a graph or table use two goods to construct a production possibilities curve. Clearly explain what a variety of different points on the curve mean. What would make the curve expand or contract? Why is efficiency lost at the extremes, as when substantially more of one good and very little of another is produced?
Problem 2: Part A: Go to the internet auction site eBay and select the category Jewelry and Watches, followed by Loose Diamonds and Gemstones, and then Diamonds, Natural. How many natural diamonds are for sale at the moment? Note the wide array of sizes and prices of the diamonds. In what sense is there competition among the sellers in this market? How does that competition influence prices? In what sense is there competition among buyers? How does that competition influence prices?
Problem 3: Select a social problem where free markets are not allowed to function and describe how free market features could be introduced to help alleviate the problem. As part of your answer also include a discussion of the risks of introducing market mechanisms in situations where ethical issues are present. Your answer should be approximately two pages long and in APA format.
Discuss how the particular issue affects cross country income differences and/or growth rates. You should use a particular book or journal article on a topic related to course material and real data to improve your research paper and presentation.
What is the value of understanding the discipline of health economics? Why is it important to consider the complex nature of health and health care when examining the economic principles related to health care delivery?
Discuss one of the ingredients of growth pertinent to today's economy
Denote the Cournot quantity for each rm by qa, and denote half of the monopoly quantity by qb. Suppose that the two rms interact with each other for in nite periods, and in each period they choose quantities simultaneously.
Brute force, or warfare, is generally agreed to be the most costly form of dispute resolution and Litigation is often the least costly method of environmental dispute resolution.
The news headlines during late 2012 and early 2013 were predominantly encompassed by the numerous deliberations between the President of the United States of America and the United States Congress regarding how to deal with the economic situations..
Effect of continual energy efficiency gains on energy growth and what does this tell you about the role of ease of substitution in determining the economy's response to an energy price increase?
Create an ICE scatterplot and explain your scatterplot.Which quadrant do most of your iterations fall into?What does this mean?
Health economic theory and practice
What is a strategy for a player in this game and describe strategies that are in Bayes Nash equilibrium.
Theoretical analysis and discussion of economic principles
EconS 323 Problem Set, Assuming that the interior solution for labor supply will dominate the corner solutions, NOW what is Cosmo’s optimal labor supply as a function of the market wage w and the tax rate t?
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