With COVID-19, how does the fact that the Army Corps of Engineers building better and more improved medical clinics economically impact the United States economy?
In: Economics
2. What two countries are the US in the largest deficits with, and why?
In: Economics
Please type!!
Write an APA formatted paper on a topic dealing with ethics as it pertains to information technology, specifically online bullying/online aggression. Also, link the websites or cite it in APA format.
In: Economics
Perfectly competitive industries are:
Group of answer choices
A. difficult to enter because there are already so many producers in the industry.
B. not particularly appealing or attractive to enter because there tend to be so many buyers that it is difficult to deal with them.
C. relatively easy to enter but not so easy to exit from.
D. none of the above
A perfectly competitive firm should increase its level of production as long as
Group of answer choices
A. total revenue is less than total cost.
B. the total revenue curve is rising.
C. marginal revenue is greater than marginal cost.
D. the marginal revenue curve is rising.
If firms are earning zero economic profits, they must be producing at an output level at which:
Group of answer choices
A. price equals marginal cost.
B. price equals average total cost.
C. price equals average variable cost.
D. marginal revenue equals marginal cost.
Which of the following is a characteristic of perfect competition?
Group of answer choices
A. many sellers and few buyers
B. many buyers and few sellers
C. a homogeneous product
D. high barriers to entry and exit
In a perfectly competitive market, the market demand curve is perfectly elastic.
Group of answer choices
A. True
B. False
In: Economics
Using the theory of price discrimination, explain why airlines charge higher fares to their customers during Christmas but offer significant discounts at other times of the year.
In: Economics
What policy instruments does the Fed use for the
monetary policy?
What are the pros and cons of using expansionary and
contractionary monetary policy tools under the following scenarios:
depression, recession, inflation, and robust economic growth? Which
do you think is more appropriate today?
In: Economics
Patents protect some inventions. One of the controversial aspects of the patent system is the patents that are granted to pharmaceutical companies. Critics of the patent system claim that these increases the price of life-saving drugs and make them unaffordable to the poor. What would happen if drugs were not allowed to be patented in the interest of increasing their availability at a lower price? How do the long-run and short-run effects differ? Please be descriptive and use diagrams if necessary.
In: Economics
In this chapter, the virtues of perfect competition have been highlighted. Among the benefits of perfect competition, no buyer or seller taken alone can affect market prices. Also, efficiency is obtained since firms will produce at full capacity. While some economists praise perfect competition in the sense that it allows to achieve tremendous efficiency. Some economists argue that perfect competition is unnecessary and irrelevant since it may hinder innovation and invention. Provide your arguments for or against perfect competition.
In: Economics
Outright slave rebellions were rare in the Antebellum South. What methods did slaves use to diminish and resist slavery? On the other hand, what kept African-Americans enslaved? What were the “invisible chains” of slavery?
In: Economics
(True or False) Monopolists are neither productively efficient nor allocative efficient, and perfect competition is both productively efficient and allocatively efficient. However, Pareto optimal requires it is impossible to make one person better off without making at least one other worse off. And expalin why
In: Economics
Consider aduopolistic market wheredemand is given byP= 36 - 3Q, where Q = Q1 + Q2. For each duopolist, the constant per unit marginal cost is $18/unit and fixed costs are zero. a. Assume first that the duopolists hold Cournot conjectures when they make their choices. Find the Cournot equilibrium price, quantity, and profits. b. Now find the equilibrium price, quantity, and profits assuming the duopolistic competition as Bertrand. c. Find the equilibrium um price, quantity, and profit for each firm, assuming the firms act as a Stackelberg leader and follower, with Firm 1 as the leader.
In: Economics
An asset in the five-years MACRS property class costs $150,000 and has a zero estimated salvage value after six years of use. The asset will generate annual revenues of $320,000 and will require $80,000 in annual labor costs and $50,000 in annual material expenses. Assume a tax rate of 21%. Compute the after-tax cash flows over the project life and the NPW for a MARR = 12%. Is the investment acceptable?
In: Economics
In: Economics
Required: 1-2 paragraphs
Summarize the evolution of civil liberties in the United States.
In: Economics
explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending. explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending.
In: Economics