In: Economics
Please write 600 to 800 words to answer the following questions:
What is Economics?
Why Study Economics?
What can be achieved by studying Economics?
What is Economist?
Summarize the benefits of studing Economics.
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3. What are the three main sources for economic growth in any economy? Describe each source.
4. How can increased investment help a country achieve increased economic growth? What are the costs involved?
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Why was the U.S. trying to spread our influence to other nations? Could we have still traded with nations if they were communist or under the influence of the Soviet Union? Explain.
In: Economics
In: Economics
the causes and consequences of that hyperinflation, and then state whether you think what occurred in Germany then could ever happen in the U.S. Support your point of view with cited, credible evidence and carefully considered arguments.
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should companies report cybersecurity incidents or not? Is any policy needed around cybersecurity? Why?
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For each of the six business environments, identify at least one potential problem that your business may face. Explain this problem in one or two sentences.
PLEASE MAKE COPY PASTE AVAILABLE
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Respond to ONE of the following scenarios. Identify and discuss the relevant legal issues and discuss them fully. Specifically state what you think the outcome will be and why. In Questions #1, be sure to include the applicable general rule(s) as well as any exceptions and whether they apply.
1. Jim Bowie owns a lot in Starr County and wants to build a house according to a certain set of plans and specifications. He solicits bids from three building contractors as follows: George Kimbell bids $ 175,000; Green Jameson bids $170,000; and, Davy Crockett bids $ 166,000. Bowie accepts Crockett’s bid and construction begins. A month into the work, Crockett advises Bowie that due to an unexpected rise in fuel and materials costs, he will need $ 15,000 more to complete the project. Bowie raises a fuss, but after discussing the situation with the out-bid contractors who indicate that they cannot finish the contract for less, he agrees. When the house is finished, he refuses to pay the extra money. Discuss whether Bowie is legally required to pay the additional amount.
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In: Economics
Post a brief summary on the effects of globalization on health in Russia. Discuss one change in quality of life in post-transition Russia. Also, explain one change in mortality in post-transition Russia. Provide examples for both.
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Explain each of the situation as to why they may or may not
invalidate the Ricardian Equivalence proposition
a) There is an election for a new government every 3 years, and
there are no rules requiring the government budget has to be
balanced.
b) Individuals can borrow at an interest that is twice as high as
the rate for bank deposits.
c) The country has a system whereby everybody will get exactly the
same wage.
d) Individuals cannot save or lend, they have to consume every
dollar of their after-tax income.
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Write a two-page paper mentioning some opportunity costs of stricter government safety regulations to improve drug safety, and explain why the concept of opportunity cost is helpful for evaluating whether or not stricter safety regulations are in the public interest. Please be clear and concise about what you are trying to explain that relates to the above question.
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The following data pertain to products A and B, both of which
are purchased by Susan. A is on vertical axis and B is on
horizontal axis. Initially, the prices of the products and
quantities consumed are:
PA= $8, QA= 5, PB= $6, QB= 10.
Susan has $100 to spend per time period. After an increase in price
of B, the prices and quantities consumed are:
PA= $8, QA= 4, PB = $9, QB= 7.5.
Assume that Susan maximizes utility under both price conditions
above. Also, note that if after the price increase enough income
were given back to Susan to put her back on the original
indifference curve, she would consume this combination of A and
B:
QA= 10,QB= 4
a. Determine the change in consumption rate of good B due to (1)
the substitution effect and (2) the income effect.
b. Determine if product B is a normal, inferior, or Giffengood.
Explain.
In: Economics