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1.Should the government build more shelters for the homeless? If so, where will it get the resources? If no, what are the consequences? What is the opportunity cost of your answer.
2) Free Market driven societies reward individuals according to their output; Government or communist driven societies rewards people according to their needs. How might these different systems affect work effort? Which is more fair?
3) How does government intervention affect college admissions? Who would go to college in a completely private (market) system? Note: On average it costs about $40,000 a year for a University to educate 1 full time student.
4) Given that the estimated cost of the War in Iraq is close to $6 Trillion dollars, what is the opportunity cost of the War?
5) What is the opportunity cost of your favorite activity?
Discuss how government intervention to address a market failure might worsen the situation. Provide an example of where government intervention does work and why that is so.
1. Suppose that you are the MD of a new cement production company wishing to enter the South African cement industry. Identify three (3) barriers to entry that you face. What strategies would you use to facilitate market entry and thereafter ensur..
Research funding sources. Leave no stone unturned, from micro financing and its details to grants for woman-owned businesses. Post links, make recommendations—let’s all work to gather funding sources!
1. What is the significance of wage and price flexibility in the classical argument that economy is self-correcting?
How has the supply and demand for a specific product affected your or your family's purchasing decisions? Which variables most affect your decision to either bu
Assume that domestic US savings equals domestic US investment, why would you think that in this case the “glut of savings” from China could be destabilizing in the US?
Below is hypothetical data for a manufacturer which possesses a fixed plant producing a commodity that requires only one variable input. Total Product is given. Total Fixed Cost is $220 per period. Units of the variable input cost $100 per unit of va..
Suppose the government imposes an excise tax of $10 on a market. Suppose further that the price elasticity of demand for the good is 0.9 and the price elasticity of supply is 0.3. Everything else held constant, the sellers will bear _____ percent of ..
q1. suppose the federal reserve has set the required reserve ratio at .20. second republic bank currently has 150000 in
Suppose that the US dollar interest rate and the Swiss Franc interest rate are the same, 5 percent per year, but that there is a risk premium of 1 percent associated with holding Swiss Franc rather than US dollars over the year. Now suppose that the ..
The Midterm Exam is open book, open notes. The maximum time that you can spend in the exam is three hours. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the exam environment
Why does a nation experience increasing opportunity cost?
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