Question
In: Economics
Pick two goods you think floors should be placed on and two goods that you think...
Pick two goods you think floors should be placed on and two goods
that you think ceilings should be placed on. Identify those 4 goods
and why you chose them. What problems might occur in the
marketplace based on your choices? What benefits might there be? Do
NOT chose goods listed in the textbook.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Do you think that the intervention by the government in implementing price ceilings or price floors...
Do you think that the intervention by the government in
implementing price ceilings or price floors is justified in today's
time; why or why not? Are the consumers getting what they want; why
do you believe this to be so? Are the suppliers able to sell what
they produce; why do you think so?
Use an example from another country besides United States to
justify your reasoning.
Do you think that the intervention by the government in implementing price ceilings or price floors...
Do you think that the intervention by the government in
implementing price ceilings or price floors is justified in today's
time; why or why not? Are the consumers getting what they want; why
do you believe this to be so? Are the suppliers able to sell what
they produce; why do you think so?
Use an example from another country besides United States to
justify your reasoning.
Pick any two variables that you feel may be related and estimate what you think the...
Pick any two variables that you feel may be related and estimate
what you think the strength of the correlation coefficient would be
for those two variables. In your response, estimate the value of r.
For example, specify a strong (.7 to .9), medium (.4 to .6), or low
(0 to .3) value for r. The value of the coefficient can be positive
or negative. For example, consider an increase in police patrols in
a neighborhood and the number of...
Think about businesses that you interact with on a daily basis. Pick two specifically and decide...
Think about businesses that you interact with on a daily basis.
Pick two specifically and decide whether these businesses operate
in a market that is perfectly competitive, monopolistic,
monopolistically competitive, or oligopolistic. Explain why you
classified the business in this way. Which category do you think
most businesses we interact with on a daily basis fall under?
Analyze two goods/services that you think are elastic and inelastic in your daily life that you...
Analyze two goods/services that you think are elastic and inelastic
in your daily life that you have recently purchased or not when the
price changes(relate your answer to the characteristics of
elasticity). If you were a manager of a store, what would you
rather sell, inelastic or elastic goods/services. Please explain
your answer.
In this discussion, give an example of two goods: one that you think would likely have...
In this discussion, give an example of two goods: one that you
think would likely have an inelastic price elasticity and one that
would have an elastic price elasticity. Then, justify your answers
by explaining how each of the determinants of elasticity applies to
that good. As a reminder, those determinants are:
Availability of close substitute
Time horizon
How broadly the good is defined (ex: market for food vs. the
market for hot chicken)
Viewed as necessity vs. luxury
Share...
For this question, think of the world as having two goods—movies and “all other goods,” i.e....
For this question, think of the world as having two goods—movies
and “all other goods,” i.e. a composite good. Your good friend Jane
really likes to go to the movies and she goes quite often. You
think movies are alright, but you aren’t as enamored/obsessed with
them as Jane is and hence you go far less than she does. Show
explain that despite these differences, at the margin, you and Jane
value an addition movie at the same rate relative...
Pick a firm from which you purchase goods or services or by which you are employed....
Pick a firm from which you purchase goods or services
or by which you are employed. Identify the firm’s relevant market
structure. Strongly support your answer with theory from class. Be
as detailed as possible and expand upon each concept. For example,
if the firm is monopolistically competitive, how exactly do they
differentiate their product? Or if its in an oligopoly, how does
the firm react to its competitors’ actions? These are two limited
examples. While you may not address...
When should a country export goods and when should a country import goods When do you...
When should a country export goods and when should a country
import goods
When do you think tariffs and or quotas should be put in
place?
Do you think President Trumps strict trade policies will benefit
the country and why
Which two ratios do you think should be of greatest interest in each of the following...
Which two ratios do you think should be of greatest interest in
each of the following cases?
a. A pension fund considering the purchase of 20-year bonds.
b. A bank contemplating a short-term loan to a customer.
c. A common stockholder.
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