Australia GDP discussion What is your chosen country’s GDP? Be sure to find the most recent information you can about your country. Let us all know by posting to the Country GDP Forum. Let us know your country’s GDP for the past 4 quarters , 4 months or the past 4 years, growth rate, and […]
Category Archives: Economics
Explain why the supply curve shifts upward when quantity increase
Economics Question 1 Using Figure 1. in Class Note 2 to explain why the average cost is initially high, then goes down, and is back up again? (Make sure you understand the concepts of total cost, fixed cost, and variable cost). 2 Define marginal cost 3 Use Figure 2 in Class Note 2 to describe […]
Distinguish between microeconomic and macroeconomic issues
Identify the key concepts in Economics: scarcity, opportunity cost, comparative advantage, and externalities Discuss the key concepts in Microeconomics Distinguish between microeconomic and macroeconomic issues Differentiate between positive and normative economics Identify factors of production 6.avoid plagiarism
Which author do you think best frames the understanding of the ancient economy and why?
Compare and contrast the approaches to the ancient economy as exemplified in M.I. Finley’s The Ancient Economy and M. Silver, Economic structures of antiquity, Chapter1. You might begin by considering the following. What is their view of models versus evidence. What kind of evidence is deployed. How narrow or broad do they range over ancient […]
Does the change in employment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither?
read the case “The Minimum Wage” from Chapter 6 “Supply, Demand, and Government Policies” Page: – 117 given in your textbook – “Principles of Macroeconomics”. A case study discusses the federal minimum-wage law. Questions: 1 Suppose the minimum wage is above the equilibrium wage in the market for unskilled labor. Using a supply and-demand […]
Research on how technology and digitization have contributed to promoting cashless economy
In an essay (1,000-1,250 words) discuss the pros and cons of a cashless economy Research on how technology and digitization have contributed to promoting cashless economy You are required to cite a minimum of four academic sources to support your work. Prepare this assignment according to the guidelines found in the APA Style Guide, located […]
what is the difference between the simple and the complex budget?
Simple and Complex Cash Budget Recreate the simple cash budget for Bithlo Barbecues Exhibit 4-6: A Completed Simple Cash Budget Use Scenario Manager to recreate Exhibit 4-7 Scenario Summary Insert a text box and answer this question: what is the advantage of using Scenario Manager? Recreate Exhibit 4-9 Calculating the Cash Balance with Borrowing and […]
How the 2008 financial crisis transformed into a major economic crisis and crashed the economy.
Q1 [50 points] Based on your reading of Blanchard’s Chapter 1, using the relevant graphs and data in the Chapter and Lecture notes, explain a) why the drop in housing prices caused a major financial crisis in 2008, and b) how the 2008 financial crisis transformed into a major economic crisis and crashed the economy. […]
What happened in the markets that prevented this normal mechanism from working?
Topic: Marginal Product and Resources We can identify from this reading that as more quantity is produced, inputs used can be purchased in larger quantities – known often as economies of scale. Why was this not the case during 2020 to 2022? What happened in the markets that prevented this normal mechanism from working? There […]
Explain which of the following policies you believe are likely to increase the rate of economic growth in the United States.
Policies for Economic Growth Explain which of the following policies you believe are likely to increase the rate of economic growth in the United States. Congress passes an investment tax credit, which reduces a firms taxes if it installs new machinery and equipment. Congress passes a law that allows taxpayers to reduce their income taxes […]
