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Suppose the U.S. president is attempting to decide whether the federal government should spend more on research to find a cure for lung cancer. He asks you, one of his economic advisors, to prepare a report discussing the relevant factors he should consider. Use the concepts of opportunity cost and trade-offs to discuss some of the main issues you would deal with in your report. Relate your report to three of the principles of economics.
According to By the Numbers, approximately when was the last time the United States had a trade surplus? As a percentage of GDP, what was the highest trade surplus the United States has achieved? What was the highest trade deficit the United States h..
Pick one company and analyze that company. Identify one concept from all of the following 1. Basic economic relations 2.Statistical analysis (history/competition)
The supply of urban land increases in response to increases in demand. Most economists think rent should be abolished. Pierre-Joseph Proudhon and Henry George took similar stands on rent. Economic rent is the payment above the minimum necessary to at..
The Federal Reserve uses the federal funds rate as an operating target because
A Pizzeria owner discovers that he hisres an additional pizza cook . he can sell another 40 pizza a day. this is an example of the ____ principle in economics.
Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?
Look at the differences in per capita GDP growth of the following countries in 2006: What factors, such as international trades, might explain such differences in per capital GDP growth rates? What are some other potential sources of economic growth?
q. after technological change has taken place in each nation the following table now applies in the absence of
Look at the inflation adjusted data also identify the periods of negative real economic growth. Illustrate what might have caused every of these periods of economic decline.
Conduct research on the current state of Social Security. Your 5 page paper should address the following: Explain the concept of Social Security as originally envisioned by President Roosevelt. Evaluate the viability of Social Security within the nex..
Measuring performance: If public opinion surveys show that the majority of Americans regard inflation as a more serious threat than unemployment:
Select an industry with which you are familiar and determine which of the trade regulations impacts that organization the most. Support your response with specific examples.
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