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What forces humans to make trade-offs? A. Scarcity. B. Productive inefficiency. C. The government. D. Unemployment.
An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
What is the Consumer Expenditure Survey (CE)? How has the Survey behaved since the year 2000? What have been the causes of these changes
Identify elements that appear to foster employee motivation and group cohesion among employees.
What is the company's profit?Does resale between markets need to be prevented?
A field of neoclassical economic theory designed to show that "market failures," created by external costs or other types of "externalities".
Describe Market Efficiency in Economics, not in Finance (find a source for Pareto Optimality if you need help).
Explain how consumerism may influence the decisions made by the patient in terms of obtaining the care they need.
Define the concept of sovereignty.Illustrate how globalization impacts sovereignty.
What is the long-run equilibrium market price and quantity?What is the long-run number of firms in the industry
Examine the growth rates for Japan and South Korea. Have their growth rates changed over time?
Diseconomies of scale occur when a. long-run average total costs rise as output increases.
How would you describe the macroeconomic "worldview" of David Ricardo, Karl Marx, and John Stuart Mill?
What does that mean in terms of their standard of living?What is the most recent inflation rate? How is it in relation to the United States inflation r
Describe briefly your individual response to how your project team is functioning (minimum ½ page).
In what ways can fiscal policy affect aggregate supply? How do automatic stabilizers differ from discretionary fiscal policy tools?
Explain the competitive pressures that are present in markets with high barriers to entry.
For a purely-competitive firm, price must be. What will excessive or economic profits induce for a firm in any industry structure?
What are two ways for a competitive firm to determine the optimal level of production
Explain the possible causes of the current economic downturn. Discuss Joseph Stiglitz' argument that President Bush's tax plan
Since all economies are faced with scarcity, how might nations attempt to minimize the human hardship associated with scarcity
What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries
What is a Ponzi Scheme? (see http://en.wikipedia.org/wiki/Ponzi_scheme and http://www.sec.gov/answers/ponzi.htm )
What do you think are the political arguments for free trade? Have these arguments survived the tests of time?
summarize the economic booms that India and China enjoyed within the past few decades