Linear algebra thank you.
1. Explain in your own words how eigenvalues and eigenvectors
can be useful when finding the 50th cycle (or itteration) of a
Markov chain.
2) Explain in your own words the Economic Calculation Problem.
How would you use the insights of the Economic Calculation Problem
to understand an event that you have observed in your life, an
event from the news, or an event in your life?
1. In your own words, explain how the government can play the
role of guardian of business in the global context (Pearson text)
2. Briefly outline why Govt. subsidies may be considered
controversial. Reflection requirements:
You will write a 1 - Page double spaced response to an
opinion/reflection question please type it do not write on
paper
In your own words (don't quote the text), explain as
completely as you can what an economist means by scarcity and
opportunity cost. How do the 2 concepts relate? Link them. What do
resources have to do with this? Are scarcity and shortage the same?
Explain. What do economists mean when they cite opportunity cost
and what's the connection between opportunity cost and scarcity?
Why does economic theory argue that we can't "have it all"?
Organization and a logical development...