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Your task is to complete all assigned questions to the best of your ability. Best of luck! 1. In two or more sentences define, the Law of Supply? 2. In two or more sentences define, the Law of Demand? 3. Identify at least 4 determinants of supply? 4. Identify at least 4 determinants of demand? […]
1. What are the four different types of market structures? 2. In two or more sentences provide at least 3 or more characteristics that separate a perfectly competitive market structure from a monopolistic market structure? 3. Which type of market structure has differentiated goods and services? 4. Identify at least one market structure that is […]
From the book Who’s Bashing Whom? we’ve learned about how developing countries can nurture their domestic industries through establishing a robust industrial policy, which often works to the detriment of existing companies. What are those policies? Also, the book describes various countermeasures, such as Cautious activism, Reciprocity and Aggressive Unilateralism etc. What are the strengths […]
Economics Watch this video on the production, costs and markets associated with harvesting Acai berries from Brazil and answer the following questions. 1. According to the video, the typical price of for a pound of acai is $0.20. This is the price that workers (or the direct producers) receive whereas the price of a small […]
“John Maynard Keynes is the Economist the World Needs Now” by Peter Coy. This is a Bloomberg Businessweek article from October 2014. Briefly discuss why the author believes we need to return to the ideas and theories of John Maynard Keynes. Do you think this may be answer to an economic recovery after the Covid19 […]
Economics Read the Wall Street Journal, The Economist, or any other major newspaper or weekly publication and select a single article or articles that (1) either report on interesting economic news that can be analyzed by the concepts or models taught in this course or (2) discusses one or more economic issues related to the […]
Immigration significantly boosts potential economic production by expanding the labour force size, increasing GDP per capita, and last but not least, increasing the employment rate.
“The Budget Cycle: Federal, State and Local Governments of the United States.” Discuss the contents of your presentation, paying close attention to the components and steps of the budget cycle, how they relate to each other, and the constraints involved.
Why do state and local governments prepare capital budgets? Discuss the steps in the capital budgeting process. What issues should government budget officials be mindful of in the preparation and execution of capital budgeting?
Describe how a country can measure its income inequality. Evaluate the trend in the measure of income inequality for the United States from 1940–2020. Evaluate the roles of globalization and advances in technology as causes of widening income inequality in the United States. Compare wealth inequality to income inequality. Explain trends in wealth inequality in […]
