Another important law in economics is the “law of marginal returns or the law of increasing costs”. Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit you like it did before?
The economies of two countries, East and South, have the same production functions, depreciation rates, and saving rates. The economies of each country can be described by the Solow growth model. Population growth is faster in South than in East. a. In which country is the level of steady-state output per worker larger? Explain. b. … Read more
Two years ago on March 11th, the World Health Organization declared covid-19 a pandemic. Americans are eager to leave the wretchedness behind them. Polls suggest concern about covid is declining. Mask-wearing has waned. On March 26th, Hawaii will become the final state to drop its indoor mask mandate, and the Centres for Disease Control and … Read more
In a report not less than four pages of body work, write and analyze about the origins, cause and purpose of Bretton Woods, GATT, Uruguay Round, WTO, and the latest situation with the trade agreements. Discuss the existing issue concerning trade and rules. The report must contain: Title Page, Table of Contents, Body of Work … Read more
GROWTH IN THE OPEN ECONOMY APA FORMAT – 2 PAGES Introduction Old Growth Theory New Growth Theory and Human Capital Trade and Growth Institutions and Growth Assignment Questions: With regards to trade, education, health, and institutions…. give your analytical point of view on the policies that you think should be pursued by countries to make … Read more
Discuss the pricing policy of price discrimination. Provide the economic reasoning for movie theaters, airlines, and many other businesses to charge customers different prices based on time of the day, age, and purchase dates. Why? Provide an example of a price discrimination for a good or service that you considered unfair. Do you still believe … Read more
1. Read the Real Option Reading Material located in the file. 2. Create a tab on the excel spread sheet (provided) to answer questions #2 and #3 all parts. 3.Read class notes and review how question #1 was answered in the class notes. 3.To answer question #2 and #3, ensure you use NPVq and … Read more
International trade has been a great boon for many countries and, in general, has been more beneficial for the world than not. However, there are both costs and benefits associated with international trade. Present and discuss two advantages of international trade and two disadvantages of international trade?
How Do I apply the theories of unemployment to explain the type of unemployment that multiple individuals are facing and explain which of these individuals qualifies for unemployment benefits?
In this week’s lecture, we studied the “Marcus Welby Medicine”(MWM) model. In MWM, primary care physicians serve as the “captain of the ship” who direct our health care system, and what separates Dr. Welby from other “sales” people is trust. In fact, as Dr. Arrow mentions in his article, “the social obligation for best practice … Read more