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Question 1: Explain the different types of price discrimination. Then identify a real-world example of price discrimination (preferably not one from the unit lesson), and explain which type of price discrimination it is. Next, using the good from your own chosen price discrimination as an example, illustrate how the good fits the criteria necessary for successful price discrimination. Finally, discuss how the price discrimination example leads to an increase in total benefit to society. Include in your discussion an evaluation of the effects on people paying the higher price and the effects on people paying the lower price.
1. What was the objective of "Big Picture Economics"? 2. What were the pertinent issues/concepts you learned from this book and how do they apply in today's economy?
Medicare recipients can purchase supplemental private insurance (known as Medigap insurance) to fill the gap in coverage left by Medicare.
What is meant by tied aid? Most nations have increasingly shifted from grants to loans and from untied to tied loans and grants. What are the major disadvantages of tied aid, especially when the aid comes in the form of interest-bearing loans?
Address the role of social architect in the 21st century, characteristics, and perspective of the leader as you have come to understand them from the class reading and ideas. What are the major differences between the two visions and therefore the..
What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending or sharp increases in federal income tax rates?
What concerns would Westland need to discuss before deciding to take advantage of this government subsidy? How did sources of comparative change over time and how did that likely influence the plans for Westland's production?
What component of GDP is targeted by monetary policy explain
Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8 (supply, demand, market structures, elasticity, costs of producti..
Examine externalities and/or unintended consequences of such intervention. Describe the intervention and detail its history.
B. Consider the following numeral version of the Keynesian model of an open economy with government.
Draw an AS/AD diagram which shows what happens if strong growth in AD has pushed actual RGDP to a level above potential (full employment) RGDP.
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
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