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For this discussion forum, begin by reading the following statement and decide whether you agree or disagree with the statement:
"The free market system is the best economic system since it is the most efficient and solves basic economic problems."
In a post of several paragraphs, discuss the reasons why you agree or disagree with the above statement. What evidence from the lesson or outside research can you find that supports your stand? How can you connect your argument with the terms and ideas we have studied in this lesson? Include in your post evidence for your stand, especially related to the specific reasons why one system works better than another. Keep in mind that each economic system has advantages and disadvantages: even if you agree with the statement, be sure to acknowledge any weaknesses of the free market system.
What is the targeted federal funds rate and how does the FOMC evaluate the balance of risks between its goals of price stability and sustainable economic growth?
In the Cournot homogeneous oligopoly model, why would each firm not increase its output given both firms are choosing the Nash Equilibrium?
1. suppose the demand for baseballs is given by q 200 - 8p.a. waht is the price elasticity of demand when p6?b. at
The following table shows Rene's total utility from eating escargot. Fill in the blanks that show the marginal utility that Rene derives from eating escargot.
In a certain year, the population of a small college in Canada was 6500. Ten years later, the student population reached 8000. The percentage change in the college's student population over the ten-year period was:
Using the data in Exhibit 11, compute national income (NI) by making the required subtraction from the GDP. Explain why NI might be a better measure of economic prerformance than GDP.
In a closed economy, marginal propensity to consume .6. If the economy opens up to world and marginal propensity to import is .4, using the Keynesian model of output determination;
Assume that you have been invited to advise the Federal Reserve Chairman about the direction of U.S. monetary policy for the year ahead.
Has the Jones Act outlived its purpose? What governmental policies and regulations could enhance the prosperity derived from ports and their operations?
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
What are some of the implications that Waltz draws from his structural/systems theory of international politics? Central claims abouthow states conduct their business in relation to one another.
Depends on your discussion, what is the most critical element(determinant) when considering the determinants of supply. In other words, what determinant has the greatest influence on the economy.
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