Give an example of a consumption good and an example of an
investment good. Explain why the two are different, as a
macroeconomist would think of them differently. Also, explain why
investment is important for the long term health of an economy.
What is a negative externality? Give an example of one.
Explain why your example is an externality. How does society (via
government action) deal with negative externalities?
Give an example of a perfectly competitive market (or one that
closely approximates one). Explain why you believe this market is
competitive. If you can’t think of such a market, explain why it is
difficult to find a perfectly competitive market. Be specific.
(a) Give a brief overview of the theory of evolution, and
explain why it is the principle of unifying concept in biology. The
length of the overview should be less than 500 words. (b) Apply the
theory of natural selection to any given adaptation, and suggest a
logical explanation of how the adaptation may have evolved.
Is the study a good example of
the scientific method? Explain why or why not. Make sure you think
about what makes for a legitimately good use of the scientific
method, especially when it comes to experiments on humans. Do not
simply use your opinion here. Read over scientific method in your
book and notes!!!
2. Is there a correlation (legitimate connection) between autism
and vaccines based on this study? Explain why or why
not.
3. Is there a correlation...
Explain the concept of income elasticity of demand. Give an
example of a good that might have a negative income elasticity of
demand and justify your choice.
A) Give an example of a public good that you personally value.
Explain how it is non-rival and comment on the degree to which it
is non-rival. Explain how it is non-excludable and comment on the
degree to which it is non-excludable. Please be specific.
B) The minimum wage. Why does government do this activity? Do
you agree or disagree with this government intervention, and
why?