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Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets. An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy. An explanation of why or why not trade with other countries is beneficial to an economy and how international trade fits into the circular flow diagram. An explanation of the difference between micro and macro economics, indicating why the division is necessary. Create a Microsoft PowerPoint presentation of 8-12 slide presentation that summarizes your findings in your report.
In the first half of the report you introduce ideas, then in the second half of the report you will discuss and evaluate these ideas to identify what is most important.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
Firms often face the problem of allocating an input in fixed provide among different products.
Explain how do efficiency techniques differ in short- versus long-run when attempting to maximize profits. Illustrate what specific incentives are used in your workplace to promote efficiency.
Elucidate why would a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
Assume you just finished your third plateful of Thanks giving dinner also it yielded zero units of additional satisfaction.
What is the profit maximizing price? a) 810 b) 750
At university he attended, he spent $2,000 on books, $1,000 on cough medicine and earned $12,000 as an economics instructor. Illustrate what were Jon's economic costs while attending college.
Evaluate the price falls all of these firms will be unable to stay in business and the industry will disappear by using a graph.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
Please explain each effect of the three effects also explain the downward slope of the aggregate demand-aggregate supply model: Real-balances effect, interest-rate effect, and foreign-purchases effect.
What determines market prices, assuming a competitive market and there are no artificial restrictions in the market? How does the market arrive at an equilibrium?
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