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The president of a small country, fearing the second wave of the Covid, contacts a prestigious economist and asks her: -How much health-care stock will be in stock in the country by Christmas?
-If there is a shortage of ventilators in the hospitals, who should use them first, the elderly or the very young?
-If a vaccine is discovered and it has a cost of $40, how many people could afford to pay it?
-If a vaccine is discovered and the country charges a price of $40, they make a profit of $20, money that could go to vaccinate poor people. Should the country implement this operation?For each question, if it entails the economist to make a positive assessment or a normative assessment.
Using the concept of Phillips curve, comment on how the reduction in un is beneficial for the economy?
Suppose a single parent can work up to 16 hours per day at a wage rate of $10 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families, such as AFDC (Aid to Families with Depende..
Illustrate what economic events or changes will "shift" demand and supply curves, and separately "move" demand or supply along their respective curves.
Draw the aggregate expenditure (AE) curve and indicate the equilibrium value.
1. List any two of the similarities and dissimilarities between the three most common standard processes involved in Data mining process. 2. Analyze and discuss the various data mining techniques. Specify from your perspective, which technique do..
What is your assessment of the state of the Greek economy (or any other specific EU country of your choice)? What steps have been taken to mitigate the damage and fix it? Will they work?
If your cost of producing bran muffins is C(Q)=.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price
Explain how scarcity and poverty are different. Give examples to support your reasoning. The economic way of thinking requires administrators to incorporate eight principles.
Analyse the effect of an expansionary monetary policy (purchase of government bonds) on the equilibrium interest rate an income in a liquidity trap using the IS-LM model (closed economy and fixed prices). Analyse and discuss.
Select a problem or topic from chapter 5 or chapter 7. Research the problem or topic and write a review of the problem or topic.
Select a video from https://www.brighttalk.com/ in the security section. You may also use other sites but the video must be publicly available and should be from a credible source. Do not use amateur videos from YouTube. You may choose a video rel..
What is a simple way to understand the difference between the substitution effect and real income effect in microeconomics?
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