Discuss economic theory

Assignment Help Microeconomics
Reference no: EM133198872 , Length: 2 Pages

Assignment:

The memo:

You are the Democratic Chair of the U.S. House Education Committee, and Bernie Sanders had just been elected President. One of his first bills is to make public college and university tuition free in the United States, by fully financing tuition for any student attending a public college or university in the United States with a new federal program. You are preparing an opening statement for hearings on the bill. You want to appear even-handed, and hence need to discuss both the pros and cons of the proposal, before stating and explaining your own opinion on the bill. You are somewhat constrained because you represent the same (Democratic) party as President Sanders; but you are not obliged to fully support the details of his proposal.

Your memo will discuss both what economic theory and the evidence says about the question. As much as possible, back up your arguments with data and evidence.

Reference no: EM133198872

Questions Cloud

What is the tragedy of the commons : What is the Tragedy of the Commons and what is the solution? De Anza College.
What ways does poverty lead to environmental degradation : In what ways does poverty lead to environmental degradation? In what way are the poor victims? Princess Nourah University.
How would this action affect consumer demand : If AutoEdge decided to increase its prices and return to the United States," she says, "how would this action affect consumer demand? Golden West College.
How does the market system work in hong kong : How does the Market System work in Hong Kong? What causes Government failure? How can it be repaired? DeVry University Chicago.
Discuss economic theory : Your memo will discuss both what economic theory and the evidence says about the question. University of California Irvine.
Examples of satisficing behavior : Discuss and Give several examples of "satisficing" behavior. These may be personal or observational. City Colleges of Chicago Harold Washington College.
Do you think america will continue to prosper : Other restrictions imposed by US Government, do you think America will continue to prosper and be the World leader? Northeastern University.
Review article the hunt library databases or the internet : Search for a current news or scholarly article from the Hunt Library databases or the Internet. Embry Riddle Aeronautical University.
Explain aspect of supplier code of conduct : Explain how each aspect of your Supplier Code of Conduct is committed to ethical business practices and society social responsibility.

Reviews

Write a Review

Microeconomics Questions & Answers

  Finding equilibrium price and quantity

Industry supply and demand are given by QD = 1000 - 2P and QS = 3P. Determine the equilibrium price and quantity?

  Hd inc manufactures high definition plasma screen

hd inc. manufactures high definition plasma screen television sets.nbsp they are thinking of manufacturing a new

  What lessons were learned from the great depression

After the world pulled out of the Great Depression of the 1930s, many forecasters expected a repeat of that decline after World War II.

  Compute the monopolists profit-maximizing supply choice

A monopolist supplies to a market with (inverse) demand given by D(Q) = 100 ? Q. The monopolist has constant marginal cost c = 2. Compute the monopolists profit-maximizing supply choice and the corresponding mark-up over marginal cost.

  A firm makes and sells a computer

A firm makes and sells a computer for $1000. The variable cost to produce a computer, for the range of production of the firm, is $300 per unit. The total fixed costs per year to make the computer are $4.0 Million.

  What is the relationship between good one and good two

The demand and supply functions of two related goods are given by Qd1 = 30 - 8P1 + 4 P2 ,Qs1 = -60 + 6P1 ,Qd2 = 200 + 4 P1 - 4 P2, Qs2 = -40 + 6P2 - What is the relationship between good one and good two?

  Relationship between housing and utilities expenditures

Find the equation that shows the relationship between motor vehicles and parts expenditure (PCE) and DPI  - What are the R squares for the equations? Which one is better

  Use a cost-benefit analysis to argue for or against

Method in which Herb could use a cost-benefit analysis to argue for or against an expansion

  Determine the maximum level of net benefits

Assume total benefits and total costs are given through B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). Determine the maximum level of net benefits?

  Why does the government provide tornado sirens

Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary.

  Discuss the factors that lead to financial crises

How do increases in interest rates play a role in promoting financial crises - Discuss the factors that lead to financial crises

  There is not enough information to answer the question

Suppose that an MBA degree creates no externality because the benefits of an MBA are internalized by the student in the form of higher wages. If there are no government subsidies for MBAs, then which of the following statements is correct

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd