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Question - Watch carefully the following ted talk: Ted Talk "New Insights on Poverty" by Hans Rosling.Links to an external site.
Then spend some time thinking about the talk and address the following questions:
1. What economic concepts or principles do you recognize? Name them and explain.
2. Is the framework of means and goals (and their rankings) that Rosling presents a positive or normative analysis? Explain.
3. Do you think that GDP/capita is a good measure of well-being? What is not included/accounted for in GDP? Explain.
If the MPC is .8 and the government wants real GDP to rise by $100, how much should it increase government spending by?
How many economic activities can be seen in this particular market? Which specific goods/services are related with these economic activities?
Describe what the balanced culture will look like in America when it finally settles. Explain in an orderly manner why you came to these conclusions. This assignment requires an opinion; you must clarify your position.
As in the case of oligopoly markets, rivals may select to compete aggressively, non-aggressively or in non-price dimensions.
What is the relationship between wants, factors of production, scarcity, and choices? Discuss the relationship for an individual and for a society.
The new Spooky Tooth album just can out. You have listened to it five times today and experienced the units of utility shown below.
In about 200 words briefly describe the importance of the law of diminishing marginal utility.
Draw a graph illustrating this market and in your graph identify the equilibrium price, equilibrium quantity, all intercepts, the area that is CS and the area that is PS.
Why does Vellus export through local distributors rather than set up its own sales force in country What are the risks associated with using local distributors? How can these risks be reduced 2. Vellus's original entry into exporting was both rea..
Why is it important for people who own stocks and bonds to diversify their holdings. What type of financial institution makes diversification easier?
Because current economic events give the best opportunity to analyze the "real world" effects of the concepts discussed in class, the news articles
From the household optimality conditions and the goods market equilibrium, find an aggregate money demand relationship of the form M'/P' = L(Y, R), recalling the relationship R = (1 + r)(1 + π) - 1
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