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What goods and services would you include in an estimate of the basic necessities for a family of four?
Describe how a push for economic equality might reduce incentives to work and produce output. Then describe how a push for economic inequality might not have?
What are some reasons why a certain degree of inequality of income would be expected in a market economy?
Why is there reluctance on the part of some in the United States to redistribute income so that greater equality can be achieved?
Explain how the production possibility frontier tradeoff between economic equality and output might look in each case.
Read the following from Bell, M. (2009). An Invitation to Environmental Sociology.
After you find the data above, write 1 to 2 pages about a political economy issue related to the good or product, such as:
Additionally you analyze data to assess changes in Fiscal and Monetary Policy and their impact on economic performance.
Outline a completely randomized design for this experiment. Describe a matched pairs design in which each girl receives both levels of calcium.
Describe the design of such an experiment to investigate effect of inhaling oxygen during rest period. Why should each player's two trials be on different days?
1. What do you think the Federal Reserve will do concerning interest rates over the next two years? Explain your reasoning.
Should the Fed remain independent from political authority or should the President and Congress have a say in their operations? Why? Why not?
One of the key contributors to aggregate demand is homeownership. Not only do new homes add to investment spending, but homeownership creates wealth.
Now assume that the Fed lowers the reserve requirement to 8%. 1. What is the maximum amount of new loans that this bank can make?
Perhaps we should use biological materials such as blood sample only from patients who have agreed to allow the material to be stored for later use in research.
Assuming the Federal Reserve chooses to shrink the money supply, explain how each of the three tools would be used.
What does the money supply consist of and what are the respective amounts in the total money supply for the United States?
Problem: What are the similarities and differences between fiscal policy and monetary policy?
What is the role of monetary policy in influencing the relationship between production, employment, disposable income, and spending?
Does this mean that if the money supply never increased that the aggregate demand and subsequent growth to meet that demand could still occur?
Question 1: What is the role of the Federal Reserve Bank (the Fed)? Question 2: What are the Fed's goals and targets?
Describe this population with a histogram and with numerical summaries. In particular, what is the mean GPA in the population? This is a parameter.
What should Happy Pets do in response to these market changes to maximize its profits from this product?
Why is the margin of sampling error larger for Hispanics than for all 3092 respondents?
Scenario: Decreased shift in the demand for capital occurs in an economic downturn or recession. T