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The purpose of this assessment is to help you recap the concepts covered in this course and discuss the challenges you have faced in previous assessments. Review the concepts covered in the previous modules and discuss the following questions: • How do the graphs and numeric models help you in economic analysis? • Is it possible to analyze an economic problem without any graph or numeric model? • What are the tools other than graphs that you can use for economic analysis? • How many graph representation or numeric models did you use while completing the assessments of this course? • Which concepts of microeconomics did you find challenging and what did you do to improve your understanding of these concepts? • What two tips or best practices you acquired in this course that will help you prepare for the assessments?
To reduce the costs of revolving insurance disputes, insurers have required that the customers use arbitration. Arbitrators are required to be knowledgeable about medicine and insurance contracts. Why might you participate that the arbitration mechan..
If 7,218 of the Ahmadi cell phones were priced at least $119.00, how many cell phones were produced by Ahmadi, Inc.?
Discuss your view about the modern bureaucracy, particularly regarding the size of the bureaucracy, its role in daily public life, and characteristics of the civil service workforce. In particular, discuss whether it should be easier to hire and term..
Suppose the mpc in an economy is .85 the apc is .09 and disposable income if 5 billion. What is the new consumption level when disposable income increases to 12 billion?
Identify a problem in society, your own life, in the life of someone you know, or in the life of someone you have read about. Analyze aspects of the problem and present a solution to this problem from your own perspective. Use the concepts from the c..
Suppose you consume nothing but goods X and Y. We have two years.
Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt. Draw several indifference curves to illustrate Carl's preferences. Are Carl's preferences co..
Presently the bond is priced to yield a return of 5% per year. Illustrate what is the bond's current market price.
Discuss the history of poverty in the United States from the late 19th Century through the present using exampls from each of the following categories.
Are cyclical fluctuations necessary for economic growth?
Suppose college graduates earn $25 an hour and high school graduates earn $15 an hour. Suppose too that the marginal product of college graduates an Johnson Tools is five hammers per hour, while the marginal product of high school graduates is four h..
Consider how the labor leisure tradeoff diagram changes when Medicaid is offered to individuals whose income is below a defined threshold, I. Note that Medicaid is an in-kind transfer equal to pM, where p is the price of medical care and M is the qua..
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