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Discussion Post
Question 1) Is Economics a social science? Justify your position by explaining what the study of economics is.
Question 2) Additionally, does microeconomic or macroeconomic activity have a bigger impact on prices in your opinion and why?
Every year, Heather hosts a holiday party for her friends. Her party budget is $200. Graph Heather's budget constraint for food and entertainment
Consider the following production function f(K, L) = 2K + 3L. Suppose w is the wage paid for each unit of labor, and r is the capital return.
At a 10 percent rate of interest, how much interest will the government pay each year? d) If this same budget deficit occurs for a second year, what would the national debt become? And at a 10 percent rate of interest, now how much interest would ..
Jake wears Levi's and T-shirts with surfer logos. He has lots of these, even some that he hasn't worn and can take back to the store for a refund if he wants.
Suppose that the money demand function is (M/P)d = 1000 - 100r, where r is the interest rate in percent. The money supply M is 1,000 and the price level P is fi
there are two countries that are battling in two locations location a and location b. suppose that each country has 2
Your partner looks over your calculation of marginal cost and says: "You forgot about that bank loan we received two years ago. If we take into account the amount we pay on that loan, it adds $10 per barrel to our marginal cost of production." Bri..
When looking at the decisions that you have to make, are you more concerned on your lost time or money. Analyze the role of scarcity in your daily life.
What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?
We said earlier that the invention of liability insurance was a precondition for the creation of value that resulted from driving.
In the 1960's, the San Francisco City Government physically moved several houses from the Hayes Valley/Fillmore district to clear way for other development. What government power was the SF City Government invoking, and please discuss the concept..
Assume you were appointed economic adviser to a less developed country in Africa. The country seeks to encourage capital formation and wants to raise the rate of saving of its own residents and encourage foreigners to invest in their country.
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