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Compare/contrast philosophical worldview with that of a Christian worldview.
Explain Karl Marx's labor theory of value. Be sure to comment on the distinction he makes between labor and labor power.
Why do you believe that it is important for managers to understand both short run and long run supply and demand?
Review the Health Care Economics Issues HMO Simulation.
Explore a variety of perspectives on the different dimensions and complexity of globalization.
Analysis of economic issues- be sure to tie this in to what we've been doing in class.
Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, monopoly).
Explain the challenges in measuring consumer surplus of a free product like major online applications, such as Facebook and Google Search.
Earlier in the quarter we discussed Southwest Airlines' use of game theory to create new strategy.
What are these purchases supposed to represent? What are the THREE Monetary Policy Tools? (Diagrams from Notes)
Do you think an oligopoly is inevitable in this industry? What components are needed to ensure that price will remain unchanged?
Use the concepts of aggregate demand (AD) and aggregate supply (AS) to explain why this may be bad news for consumers.
Q1. Calculate the arc price elasticity of demand for SPI service.
What implicit assumptions are the publisher and the analyst making about price elasticity?
What do you think needs to be changed with the developed countries economic policies to maintain their current role or to become more competitive?
How would you go about interviewing each employee? In other words, discuss all parameters of the four interviews.
What is the mission and legal mandate of the Federal Reserve System? What policy tools are available to the Fed to achieve its mission?
As part of your answer you should demonstrate an understanding of elastic and inelastic demand.
Problem: List the 5 categories of price elasticity of demand, and explain the differences between them.
What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable?
Before beginning this discussion, please read Chapter: Global Income Inequality by the Numbers:
Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
Evaluate the actions of the federal government (fiscal policy) and the Federal Reserve (monetary policy) to restore the economy and foster economic growth.
The Phillips Curve is supposed to describe the trade-off between inflation and unemployment. Does it?