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Explain briefly but clearly the concepts of scarcity and opportunity cost. Provide an example of opportunity cost from either your personal or professional experiences. Remember to include explicit costs (able to be measured) and also implicit costs. Then provide an example of an opportunity cost a whole country experiences when society or the government has made a choice.
gas prices are high at 3.30 in the year of 2008 compared the prices in 1979 of gas prices for 1.00. are nominal prices
If inflation and nominal interest rates are constant, at what rate, if any, will velocity grow Given a permanent (once and for all) rise in level of interest rates, how will it affect the level of velocity and the growth rate of velocity
Discuss the sharing economy from a supply and demand standpoint. How do companies like Uber and Airbnb affect supply and demand in the markets for shared rides (taxis, limos, etc.) and rented rooms, respectively?
Now suppose that in the spirit of Christmas, a coalition of rich people decide to buy wheat and resell it to poor people for half of whatever the rich people have to pay. List some points on the new demand curve for wheat
explain the law of demand and law of supply. what factors influence each? what is meant by market equilibrium? give an
Identify at least three objectives for the organization's customer service perspective and show how they relate to the mission, vision and strategy of the organization.
The Fed’s decided to maintain its low interest-rate target in the face of a rightward shift of the AD curve in the late 1960s which led to an inflationary equilibrium. Discuss the long-run and short-run costs and benefits of the Fed are other two opt..
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
If at a point in time long term interest rates were below short term interest rates, what would this indicate about investors expectations of future short term interest rates? Explain your answer in a few sentences.
The Court should permit Gooden to breach the contract because he did not have full information when he made the agreement - change if Williams was not a professor of geology, but, in fact, a professor of geometry who knew little of minerals and s..
pareto optimality states a change is efficient as long as at least one person is better off and no people are worse off
Please write a three paragraph summary due next week regarding either the documentary "Inside Job" or "Capitalism: A Love Story." Discuss the financial crisis and how the current state of capitalism impacted average Americans.
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