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Answer the questions below in well-constructed paragraphs with a maximum of 500 words (maximum 2 pages). Analysis/discussion of the topic must include of a minimum of 2 high-quality, credible, relevant sources of outside information. cite your references in APA format.
Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level? Defend your position using economic principles. I need a YES answer using economic principles to defend your answer?
A small airline recently sold to a private equity group for $145 million. The airline has earned profits of $9 million last year. The new managers believe they can grow profits at 5% per year. The private equity group borrows money from wealthy indiv..
hink about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. Are your household’s resources allocated fairly? Think about the two ideas of fairness and how they apply in your household. By what m..
National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words, If private savings 'V' = 0.75S and total savin..
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?
What are the two types of information available to complete the budget? Describe the benefits and disadvantages of them and give an example of each.
When Alan Greenspan (who would later become chairman of the Federal Reserve) ran an economic consulting firm in the 1960s, he primarily hired female economists. He once told the New York Times, " I always valued men and women equally, and I found tha..
If we assume only one factor (labor), we can demonstrate on the PPF the opportunity cost of producing less of one good and more of the other good by:
Works Cited Business Law I (Burlington County College) Dynamic business Law, Third Edition. By Nancy Kubasek), M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs.After reading Chapter 10, did you purchase a defective item? Did you get injure..
Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit cards with the following loan balances and APRs: Card 1, $4,300, 19%; Card 2, $5,500, 23%; and Card 3, $3,400, 17%. Interest c..
Molly needs 30 minutes to wash the car and 45 minutes to mow the lawn. Renee needs 1 hour to wash the car and 2 hours to mow the lawn. Which of the following statements is correct?
Economic laws studied in this unit tell us that as the price of some good rises
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