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Assignment
Please watch videos and take a look at the uploaded docs before answering the below question:
Vimeo Video: What is Time? from Seminars on Science.https://youtu.be/C2VMO7pcWhghttps://www.youtube.com/watch?v=xvZfx7iwq94
Imagine three people, looking at one another from three vantage points: Abby is standing on the Staten Island Ferry heading toward the pier, Bertha is standing on the pier, and Connie is walking backwards on the pier away from the water. Now imagine that Bertha (1) throws a tennis ball toward Abby, then (2) shines a flashlight toward Connie.
Based on your readings and ruminations, do these three people see the tennis ball go at the same or different speeds? How about the flashlight beam? If they're different speeds, who sees them faster and who sees them slower? If they're the same, why?
You can give any answer you want with any explanation. Let's hear how you think this problem through.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
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Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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