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Name and discuss at least one product and one service that exploded with exponential increase in demand shortly after their introduction.
Should a government protect employees by instituting or increasing the minimum wage? Does the answer depend on the ethical theory to which one subscribes?
Analyze the arguments for government intervention as opposed to arguments for market-based solutions.Hint:See the information about market failures.
Discuss Forecast approaches and rationale. Effects of public policy and the political process affecting the city's or county's budget.
What does it mean when there is a relative tax burden? Why are special items sometimes referred to as one-shot revenues?
What are reliable predictors of economic and financial crises? Describe some achievements and some pending issues in context of a global crisis.
What are your thoughts and feelings about the situation described in the E&Y video? What aspects of the E&Y video do you agree or disagree with?
Describe the degree of economic integration in the region. Define a free trade area, and apply that definition to your chosen region.
Discuss how the concepts in this course can be applied to real-world situations and increase your chances of career or life success.
Describe how the transactions would affect U.S. exports, imports, and net exports: A resident of Mexico crosses the border and buys California avocados.
Is there a business rationale for such a strategy? Do you think these circumstances are met in the brokerage business? Explain.
Discuss the differences between long-term and short-term economic growth. What are the determinants of long-term growth?
Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.
Describe your selected industry using the industry description at the NAICS website. Describe the important movements of the variable in the table and graph.
Discuss?how the economy returns to equilibrium in response to changes in aggregate demand (AD) and aggregate supply (AS) in both the short run and long run.
Do you think the demand for junk food is elastic or inelastic with respect to price?
Discuss credible economists' opinions on the long-term effects of trade and tariff policies changes in the last 2 years.
How can the long-run average cost (LRAC) curve derived from short-run average total cost (SRATC) curve? Describe economies of scale and diseconomies of scale.
Identify and explain the key actions/missteps of policymakers. Discuss theoretical foundation that motivated policymaker. What assumptions guided their choices?
How does the shadow economy affect GDP in different countries? What are the main factors influencing the shadow economy?
Why do you think more citizens do not become more involved in public policy input and formulation?
Among different market structures, which one do you believe provides the highest possible return for a new company and why?
Develop a market research report into a state in the US. In order to get the approval of your management team, regarding the markets you have been assigned.
Discuss how international trade influenced the strength of each economy. Discuss the role of value chains and value-added production.
What do we mean when we say that industrial policy leads to inefficient use of resources?