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Prepare a two- to three-page paper in APA style, sixth edition format, that describes, explains, addresses, and answers the following questions or statements.
Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why?
Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010.
Use the laws of supply and demand to explain why the cost to heat our homes and businesses goes up in the winter time. Be sure to explain your answer fully.
Suppose there are three countries in the world. Country A exports $11 million worth of goods to country B and $5 million worth of goods to counrty C, country B exports $3 million worth of goods to country A and $6 million worth of goods to counrty..
assume that a firm in a perfectly competitive industry has the following total cost schedule3 pointsoutputtotal
Pretend you are a neoclassical (free-market or environmental economist), new institutional (transaction cost or ecological), and instutional economist-from the perspective of the cost benefits of "going green" for major utilities (electricity, was..
Are people helped more if production results in a loss than if it leads to profit? Is there a conflict between production for people and production for profit?
Why is the long-run aggregate supple curve vertical Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right
suppose the demand for baseballs is given by q 200 - 8p.a what is the price elasticity of demand when p 6?b at what
Suppose both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? How would your answer change if the firms have not yet entered the industry?
Determine which country has absolute advantage in production of tanks and explain why is it this country?
Why did president Obama want to repeal the Bush era tax cuts on upper income taxpayers How would the repeal of these tax cuts impact aggregate demand and to what degree? How did the economic conditions in 2010 make such a repeal less likely to tak..
Adjust the graph to show the effects of improvements in farm technology. Explain the processes underlying these effects. You may clarify your response with hypothetical prices and quantities.
What the law is, but state also what it should be; then tell why, and give some examples of implementation.
Why Do Gas Prices Fluctuate? Gas was selling for $3.95/Gallon on Labor Day Weekend of 2012. At election time, the price was $3.15/Gallon. Now, it is $3.55/Gallon. What causes increases and decreases in the price of gasoline? Use Demand and Supply cur..
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