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Discussion Post: Poverty
How does economics fit into your Christian worldview? 3 pges in APA format explaining how economic understanding should impact the way Christians think about the world. You can discuss poverty or how to see stewardship and service differently or how we measure church/charity effectiveness or anything that you think applies. This should be a personal statement, but it should include citations (1 per page is a good guide) and rigorous thinking about the topic. Dig deep--a "we should do better with poverty ppr" is too easy and not very thoughtful. Including deeper explanations on how we do that is the key to success on this discussion.
Distinguish between "conditional convergence" and "unconditional convergence" of per capita income. On what does "conditional" convergence of income depend.
Describe how trade deficits or surpluses can influence the growth of productivity and GDP. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
What is the price of labor? What is the price of capital? At what level of labor usage does diminishing marginal returns to labor first occur? At what level of output is marginal cost equal to average variable cost
Discuss the opposing arguments as to whether consumer sovereignty should prevail in medical care.
A firm operating in a competitive market has the following production function Q = 10L - L2 ,If the firm's output sells for $10 per unit and it pays $40 per unit of labor, what is the firm's equilibrium level of labor utilization?
Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $200 per month.
movie theaters charge a variety of admission prices one for matinees another for evening showings one for students and
Distinguish between fixed and variable costs. Explain common misapplications of costs in decision making. Employ marginal analysis to make a rational decision.
In 1555 King Henry borrowed money from his bankers on the condition that he pay 5% of the loan at each fair (there were four fairs per year) until he had made.
What major changes have occurred in police organization and C particularly in the areas of mission, emphasis, and economies? changes have impacted policing? Pro
Graph the firm’s long-run average cost and show that it reaches a minimum where q =1. Determine the long-run equilibrium price (p*) and the firm’s long-run equilibrium output (q*).
Richard is deciding whether to buy a state lottery ticket. Each ticket costs $1, and the probability of the following winning payoffs is given as follows: Probability Return .5 $0.00 2.5 $1.00 .2 $2.00 -05 $7.50
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