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Question: Which term applies to both the U.S. economic downturn, officially lasting from December 2007 to June 2009, and the ensuing global recession in 2009?
Question 1: Which of the following is most clearly consistent with the basic postulate of economics regarding the reaction of people to a change in incentives
Suppose that a town is considering investing money into making a public show in a park that can be enjoyed by families during a weekend.
A. calculate the price elasticity of demand between each pair of prices ($5.00 to $4.50, and so on). b. what happened to Ed as price falls? why does this occur? c. What factors affect Ed?
a) Explain what happens to observed prices in posted offer and double auction markets when there at least two sellers. b) Explain what happens in these two markets as the number of sellers drops to only one seller.c) explain how part
For a given excise tax, holding the supply curve fixed, as the slope of the demand curve becomes flatter (more elastic), what happens to Deadweight Loss
These societal preferences map out a set of L-shaped social indifference curves. What is the best outcome for this society? What is the worst outcome?
Your task is to apply economic thinking in, hopefully, a creative way. Projects will be graded on two primary criteria: your application/incorporation.
What did the Community Reinvestment Act have to do with the housing bubble and collapse?
Diagram an income utility curve with two points representing a sick state (S) and a healthy state (H). Now diagram two types of insurance.
In a perfectly competitive market, demand is QD = 32 - 1.5P and supply is QS = -20 + 2.5P. Find equilibrium price and quantity and producer and consumer.
Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand.
Locate a news article that depicts an ethical dilemma in the workplace. Describe how you might handle the situation differently.
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