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Select an article in a newspaper or magazine that discusses a government policy on goods or services. Analyze the situation and in 600-1200 words:
• Summarize the article using at least three economic terms and theories covered in class.
• Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s).
Draw a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.
Illustrate what are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries.
Elucidate what term do economists utilize to describe this second outcome
Determine which of the following theories of expectations holds that individuals usa all information available in forming expectations?
Illustrate (Draw the graph) the following events with AS and AD shifts. Start with the initial graph then add the change to either the AS or AD.
Illustrate what price should the theater charge for a ticket if it wants to maximize profit. how big will its profit be. What price would you like to charge.
The demand curve faced by a industry in a monopolistically competitive industry which is more elastic than the perfectly competitive firm's demand curve.
Currently, the extent of our economic difficulties has caused the economic policymakers to choose fiscal and monetary policies that are both expansionary.
Paradox Dental, Limited., enjoys a local monopoly in provision of oral examination services in Tuskegee, Alabama. Total and marginal revenue relations for standard procedure are:
Create a presentation for the Board which examines the current state of the U.S. economy. Use the Library to find out the up-to-date information needed.
An essay on Market imperfection associated with negative externalities.
Suppose two equally risky shares, Hi and Lo. Hi shares pay a generous dividend and offer low expected capital gains. Lo shares pay low dividends and offer high expected capital gains.
According to the life-cycle hypothesis, determine the typical pattern of saving for an individual over his or her lifetime?
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