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Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course. Please include link to the article below. Possible concepts include:
taxes and consumer or producer surplus OR
demand, supply, and equilibrium price of a particular product OR
elasticity on a particular product
q. 1. suggest how an economist would approach the problem of alcohol abuse. provide two possible solutions to this
WSJ's Justin Lahars reports that counties throughout the U.S. have seen employment declines that can be attributed to the importing of inexpensive goods from China.
In the lesson presented by Sal on Oligopolies and Monopolistic Competition he creates a two dimensional grid of the market types based on number of competitors and degree of product differentiation. Make sure you view this lesson. Now apply the lesso..
Compare and contrast the effects of a quota and a tariff on imports. Be sure to include both short-run and long-run effects in your answer. Differentiate between the current account balance and the capital account balance.
Which of the following is most likely to happen in the short run?
We would like to estimate the need for physicians in a country. What approach would you follow to estimate the need? Briefly describe the method you are proposing (describe one method only) and discuss some potential limitations of the approach.
The real interest rate is defined as: The loanable funds theory states that ________ is(are) determined by the ________ for loans. Which of the following are assumptions of the loanable funds theory? Which of the following are assumptions of the loan..
Consider a static (one-period), closed economy with one representative consumer, one representative firm, and a government. The level of capital K and government expenditures G in the economy are both fixed exogenously. Formally define a competitive ..
Explain how social, political, and economic institutions interact with one another. You may explain by using an example, if you wish. Describe the effects of tariffs not shown by partial equilibrium analysis. (Partial equilibrium analysis is shown in..
Describe "how" producer surplus is measured? What happens to producer surplus when the price of a good rises - all other things equal.
What is an externality? Give an example of a positive externality and an example of a negative externality. What is the difference between private costs and social costs? From an economic perspective, is it sound policy to pursue a goal of zero pollu..
In the short run, information about a perfectly competitive firm’s fixed costs is needed to determine both the profit-maximizing level of output and the amount of profit earned when producing that level of output.
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