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Tag: Economics

Evaluate the actions that the Federal Reserve and the government took during this period. Do you support their actions in both monetary policy and fiscal policy? Why or why not?

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The Federal Reserve used many practices unfamiliar to the U.S. central bank. Respond to the following components as an economist representing either the classical or Keynesian school: *Evaluate critically, as a classical or Keynesian economist, what caused the 2007 to 2009 financial crisis. *Examine the causes that aggravated the financial crisis during the period? *Evaluate […]

Is the demand (curve or schedule) for Coke or Pepsi seasonally different? What is the relationship between Coke and Pepsi? Do they have the same demand curve or are they different? Explain your reasoning.

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Coke Versus Pepsi. A change in quantity demanded (or a movement along the demand curve) is caused by a change in its own price while a change in demand (or a shift of the demand curve) is caused by a change in nonprice determinants that include changes in consumers’ income, taste or preference, price of […]

Do you agree or disagree, and why, with Chelsea Follett about overcoming future resource scarcity? Recommend how to overcome present and future resource scarcity.

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Scarcity is the starting point for studying economics. Resources are limited while human wants are unlimited. Prior to beginning work on this discussion, read Chelsea Follett’s article, Are Humans Prepared to Overcome Resource Scarcity in the Future? (Links to an external site.), as well as Chapter 1 Section 1.2 in your textbook, and respond to the following: Explain […]

Identify the determinants of the price elasticity of demand. Explain each one. Determine whether each of the following items is elastic or inelastic: bottled water, gourmet coffee, Apple cell phones, and gasoline. Explain your reasoning.

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The Price Elasticity of Demand. The price elasticity of demand is people’s responsiveness of quantity demanded (or consumption) when there is a change in price. Respond to the following: Identify the determinants of the price elasticity of demand. Explain each one. Determine whether each of the following items is elastic or inelastic: bottled water, gourmet […]

Why is it politically and financially important to make spending and revenue decisions so that a balanced budget is sustainable in the long run? How does debt figure into your answer and why?

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Why is it politically and financially important to make spending and revenue decisions so that a balanced budget is sustainable in the long run? How does debt figure into your answer and why? Finally, if you were writing a research paper, what additional sources would you look for? This is a longer assignment, written with […]

Imagine an owner of a firm is thinking about raising prices. Describe the consequences of doing so as a monopolist, oligopolist, monopolistic competitor, and perfect competitor.

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1.Imagine an owner of a firm is thinking about raising prices. Describe the consequences of doing so as a monopolist, oligopolist, monopolistic competitor, and perfect competitor. 2.What are the key differences between monopolistic competition and perfect competition? 3.One of the concerns about Walmart’s entry into the grocery business in the latter part of the 1990s […]

How would a school that was originally thought to be better compare with the other school(s) in equilibrium?

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Consider a school choice program in which each student (or the parents of each student) can choose the school that he or she will attend. Assuming that there is no limit on student body size, how would a school that was originally thought to be better compare with the other school(s) in equilibrium?

What are the revenue and spending implications of the COVID-19 pandemic for this university? Be specific. How has the cost of service changed?

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In the spring semester, this university moved to distance teaching as students were told to leave the campus. The summer semester was all online. This fall semester this course and many others are online only while other courses are planned in some type of hybrid format (as of mid-August when this was written). Dorms, campus […]

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