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Describe economies of scale and diseconomies of scale. What are the determinants of economies of scale and diseconomies of scale, respectively?
For each case, compare the z levels in the majority voting equilibrium and the social optimum.
"Free trade is good for the developing economies". Critically discuss this statement.
Give advice, as a prominent classical or Keynesian economist, to Federal Reserve and/or federal policy makers to prevent future economic or financial crises.
What is escrow? What is equity? Name the 6 types of housing?
This course provides a self-contained introduction to some of the most important mathematical tools utilized in contemporary economics.
Discuss the typical risks faced by a firm. In a market economy, the price system facilitates allocation of resources.
Discuss the typical risks faced by a firm.
Relate the concepts of scarcity and opportunity cost. What is the difference between shifts in supply vs. changes in quantities supplied.
How much profit monopoly firms make in the short run and long run? Can a monopoly make a loss in the short run and long run?
What are the potential benefits and costs of raising the minimum wage? Do you think we should raise the minimum wage? Defend your answer.
Create an engaging vocabulary game to be used to teach key vocabulary words to ELLs setting.
What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics?
Why doesn't the National Bureau of Econonomic Research identify the turning points in economic activity until months or even a year after they occur?
Create a payoff matrix for this game between autodrone and remote devices. (Be sure to include all costs and benefits of their choices in the payoff matrix).
Reexamine the budget cuts or increases you made. What problems would such changes pose for a politician facing reelection?
Evaluate current economic policy (trade, fiscal, monetary) in the US. State what the current condition of the economy is (last 2 years), state the policies.
Opportunity cost is the cost of earning the opportunity. Marginal Cost(MC) and Average Cost(AC) meet at the lowest MC.
Your business partner is strongly opposed to your proposal to charge your largest customers lower prices for your web-based services.
The growth versus economic welfare debate is related to the dilemma of how to provide basic human needs without sacrificing growth.
Read the article "Sea salt around the world is contaminated by plastic, studies show" and explain the social and economic significance of this article.
What does this data suggest about financial market expectations of 1-year yields, 1 year from now?
How might an increase in the wage rate affect what you do with your time? Now describe a tradeoff you've made in terms of time or income.
What did X do well? What did X do poorly? What theory did they follow? How did the people/government/global community help or hurt X?
The table below shows the weekly demand for hamburger in a market where there are just three buyers.