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Use graphs, formulae and diagrams where they help your explanations (more rigorous and succinct) compared to words alone.
1) Crude Oil Price Fluctuations between 1998-2018
Crude oil is an energy source that is integral to production processes across the economy. However, over the last two decades, crude oil prices have fluctuated quite considerably. Perform an economic analysis of this phenomenon in the market for crude oil. Make sure you include definitions of relevant economic concepts. Explain why prices have fluctuated in the last two decades. Include in your answer the welfare implications of these price changes.
Suppose you and your roommate have started a bagel delivery service on campus. List some of your fixed costs and describe why they are fixed. List out some of your variable costs and describe why they are variable.
It is a common belief that social security benefits will run out in the near future. How can we save social security?
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. The best way for Bill to approach this as a critical thinker is to
Summarize the issue from the article. Identify the problem discussed in the article. Explain why this is the underlying problem. Relate the research to the problem. Explain how a clearly defined problem could help with solutions.
Discuss the nature and function of a price index, and describe the difference between nominal and real GDP, Assume that nominal GDP for 2012 was $700B with a price index of 110 (using 2004 as the base year). What is the real GDP for 2012? Why do econ..
If the inflation free rate is an annual 13% and inflation is an annual 4%, what is the annual market interest rate? If you anticipate an annual inflation rate of 4.0% in the current economy and can make an investment that is expected to appreciate at..
Assume aggregate consumer spending equals $5,000 when aggregate disposable income is zero, and when disposable income increases from $300 to $400
If the money supply is growing at 8%, the real rate of growth of GDP is 2%, and financial innovations are reducing the demand for money by 0.5% per year, what should the long-run inflation rate be?
Do you think that all professional sports should share baseball's exemption from antitrust laws or that baseball should lose its exemption?
It is a typical Christmas electronics shopping season, and makers of flat-panel TVs are marketing the latest available models through their own Web sites as well as via retailers such as Best Buy and Walmart. Each manufacturer offers its own unique v..
Illustrate what would be the production possibility frontiers for Brazil as well as the United States.
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