Category: Economics

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Tasks: Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $250,000 each and ten families have incomes of $25,000 each. In which community is the distribution of income more unequal? In which community is…

Consider how health insurance affects the quantity of healthcare services performed. Suppose that the typical medical procedure has a cost of $100, yet a person with health insurance pays only $20 out of pocket. Her insurance company pays the remaining $80. (The insurance company recoups the $80 through premiums, but the premium a person pays…

Please read the article The Case for Reparations by Ta-Nehisi Coates and write a persuasive essay either for or against the idea of reparations. Your essay must be 3-4 pages, double spaced, and 12-point font

This question will be in the final exam (referencing is not required) Write a short essay (1 page max if you write on each line where a page of a standard answer book has 38 lines or 2 pages max if you write on every second line) to discuss the management of fisheries in New…

Moat (Differentiation): How did the business build up its moats to escape from competition so that its products are differentiated and customers become sticky? Are these factors easily imitated by competitors so that its competitive edge will be competed away over time? The company is HAIDILAO hotpot. When answering this question, you need to consider…

Essay 1 Based on your reading of chapters 1,2,3 &4 write and present an essay in which you will express your opinions about what you consider the most important concepts discussed in the chapters. You will select the concepts you wish to write about and develop your essay accordingly. The completed essay must be submitted…

Find the Economist article titled “Free Exchange Diminished Expectations” in the Files folder on the Canvas page. After reading the article compare and contrast the views of neoclassical and New Keynesian economics. How did the 2008 financial crisis challenge these views? Respond to these questions

Reflect on the Week 10 lesson and write a one-page essay discussing the size, composition, and consequences of the U.S. public debt.

How is price established in a monopolistic competitive market? Focusing on the airline industry, why is the upper portion of the kinked demand curve elastic, and the lower portion inelastic? Support your response with information from your reading and/or the broader Internet.