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Evaluate whether increased tourism may be the best use of the island's resources in the long term by using the concept of scarce resources and opportunity cost.
Two small open economies, Flex and Fixed, can be described by the Mundell-Fleming model. The countries are otherwise identical except that Fixed maintains a fixed exchange rate, while Flex maintains
Economists often note that there is no such thing as a free lunch. Michael makes a great point. When discussing borrowing, it is important to point out that borrowed money may increase spendin
Discuss what will have a greater impact on the future costs of health care in the United States: social and political changes or technological and medical advances? Explain your reasoning.
An investment opportunity will pay $20 with a 40% probability, $10 with a 20% probability, $30 with a 30% probability, and $40 with a 10% probability. Calculate the standard deviation o
Critique BP's handling of the Gulf oil spill from a communications perspective. Discuss what were their central messages? What were their major challenges?
Should the central bank keep the money supply constant in response to this regulatory change if the goal of the central bank is to stabilize the price level? If not, what should it do? Why?
Determine the history of inflation in the US in the last ten years, with particular emphasis on the on the great recession and the recovery?
Assume there are two types of food: Fast and Slow. Slow food is food that takes a lot of time and energy to prepare, and is possibly more "authentic."
Explain the recent tools the Federal Reserve has used to influence the U.S. economy, and explain their effects. What does the Federal Reserve take into account when establishing general and specific
Markets are globally interconnected as seen during the financial crisis of the 1930s and in recent history. Aside from financial markets, different countries have different resources.
Write down a short 200 word essay to answer the following questions using an adequate diagrams/documentation as necessary: Cartels and monopolies are usually associated with the economic inefficiencie
Identify the dollar value of a per-unit gasoline tax that would achieve the efficient solution, and determine the tax revenues generated to the government as result.
Discuss what can happen if accommodations are not made? Explain what type of accommodations can students with disabilities receive in their schools and universities?
Discuss the implications of outsourcing for employment and wages in the domestic and foreign labor markets. Determine the implications on product prices in the home country when outsourcing is used?
In two paragraphs, explain the challenge of paying these workers more. The Value of the Marginal Product of Labor Equation is an important equation.
In the short run, the amount of capital is fixed at the k=k0. Determine the conditional demand functions for materials and labor in the short run? 2. Describe the sho
How can find out the four key points to the economic principle of health care reform..What are two economic concepts to the key points?
Critique or defend two of Jevons' views on the public policy. Substantiate your position with evidence of the success or failure of current public policies favored by William Stanley Jevons.
Suppose you have 100 identical customers, each with relevant demand function Q = 20- P (where P is the per-hour fee and Q is the hours per week).
Select a model that you have some knowledge with and calculate what types of specification errors you might encounter. Give examples to support your response.
What myths have the work of his foundation debunked and can what he has learned work here at home? Bill Gates argues that world poverty as we know it can be ended by 2020.
Provide two recommendations for making the approach you selected even better and explain your reasoning for doing so. Based on some of the reference provided analyze the approaches to addressi
Discuss the difference between the partial-equilibrium models and general-equilibrium models. Explain how are the numbers of endogenous and exogenous variables related to whether a model is
Discuss the major components of the market for goods and services. What key macroeconomic variables influence spending on those components?