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Economic behavior is more complex than assumed by conventional economic theory. Political economy explains the functioning of government. Behavioral economics ties psychology into human behavior.
Based on what you have learned in your assigned reading, answer the following questions in your initial post:
Question 1: What are the human behaviors economists should observe when creating economic models? Example: people tend to find solutions that are good enough, but not the best solutions.
question 1 - explain the key characteristics of the chinese economy during the mao era- the socio-economic
The student to address six unresolved issues in macroeconomics, determine which side they can support for each issue, and defend their positions.
You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is.
What happens to the demand for pizza if the price of that product decreases? What happens to the supply of tomatoes if the wages of tomato pickers increase?
Explain how non-discretionary or automatic stabilizers work during recession and inflation.
Elucidate action did the FOMC take, if any, as per the level of the fed funds rate. Why did it make this choice
Given below is a table with total information for a firm in a perfectly competitive industry.
term paperthe term paper must be between 600-700 words in length and contain a title page as the first page of the
How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale? Give a specific example of a policy or regulation that has helped economic activity.
Explain how does the EU help it's members economy Do we need a EU. What are positive and negative points to members.
Illustrate what marketing, pricing, distribution or other competitive advantages can firms exploit. What limits or constraints are on these firms.
Calculate the government revenue before and after the tax change. Explain by showing how you calculated the new P's and Q's for GingerSnap
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