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Questions:
1. Read the attached opinion piece where the author indicates that the Great Recession of 2009 was not caused by the Free Market, but was instead caused by US Government policies.
2. Locate two JOURNAL articles which discuss this topic further. You need to focus on the Abstract, Introduction, Results, and Conclusion. For our purposes, you are not expected to fully understand the Data and Methodology.
3. Summarize these journal articles. Please use your own words. No copy-and-paste. Cite your sources.
A key component of the aggregate expenditure model/Keynesian economics is the multiplier effect. Describe what is the multiplier effect.
What are some pros and cons of the standard budget approach and relative measurements of poverty.
The wage distributions for three occupations in the Pennsylvania food services industry are provided below. Consider the wage differentials across occupations. How do they compare to the prediction of the Law of One Wage? With respect to your answer,..
The topic is one currently being debated here in the united states. it involves a proposal by the president Obama to raise the federal minimum wage from $7.25 to $10.10 per hour. How many workers will lose their Jobs due to this increase?
1. A store sold 900 units of product earning a revenue of $17765. The total variable cost is $883. Calculate the Unit Contribution Margin Ratio in percentage.
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 1000 - 10P. Marginal revenue is given by MR = 100 - 1/5Q.
For a $85,000 mortgage with a 30-year term and a 12% nominal interest rate, write an equation using engineering economy factors for the outstanding balance afte
Two nations have straight line production possibility frontiers, but with different slopes. Using a graph and an accompanying written explanation, explain why complete specialization maximizes the gains from trade between these two countries.
What will happen if the case goes to trial after the defendant (injurer) offers to settle for $10,001? Is the plaintiff (victim) better off accepting this offer or going to trial - What do you expect to happen in pre-trial negotiations?
Research shows that much more money is spent on medical care for the elderly today than 50 years ago. What is the likely reason? Do today’s elderly tend to be sicker and more likely to be disabled than in prior years?
There is an unexpected wildfire in California that destroys some of the grapes. What happens in the market for wine?
There are 10 faculty members and 12 students eligible to serve on the committee. In how many ways can the committee be formed?
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