Why is consumer protection so difficult when approached globally Why is consumer protection so difficult when approached globallyAnswer:Consumer protection means protecting the consumers from unfair trade practices (such ascharging higher price) and…
Assignment 1: Economic Brief Due Week 5, worth 150 points This assignment is aligned to these course outcomes: Explain economic principles and their applications in the real world. An example economic brief, template, and resources are provided below.
E. Home and Foreign are now open to trade. Choose a possible relative world equilibrium price of cars after trade (PC/PS). F. At this world relative price, show possible trade equilibrium in Home and Foreign on your graph. G. What can you say about production of cars and sugar in Home? What can you say about consumption of cars and sugar in Home? On your […]
The Solow Model concludes that the accumulation of physical capital cannot account for the vast growth over time in output per person. This is because: a. Differences in real incomes are far too large to be accounted for by differences in capital inputs. b. Other potential sources of income are endogenous (such as technological progress) and accordingly explain in the main the growth in output […]
Problem 2: Health care reform One of the central elements of the Obamacare reform was to require US citizens to purchase a minimum level of health insurance, say x1 1. In a two-way diagram with health insurance on the horizontal axis and all other goods on the vertical axis, explain how the health care reform may have affected the utility of a US citizen. Please […]
Q1:Suppose 100 cars will be offered on the used-car market.Let 30 ofthem be good cars, each worth $8, 000 to a buyer, and let 70 be lemons,each worth only $2, 000 to a buyer. 1.1Compute a buyer’s maximum willingness to pay for a car if he or shecannot observe the car’s quality. 1.2 Suppose that sellers value lemons at $1000.Suppose that there areenough buyers relative […]
For the study described below, identify the sample statistic 1500 American women working for large companies were polled to determine the percentage that felt that women in the sample who feel that women were underrepresented in management positions in their company.
Chapter 2 2.1) Identify a product that is one organization’s output and another organization’s input 2.3) what’s wrong with spending 17.2 percent of GDP on healthcare? 2.4) Americans spend more on smartphones than the citizens of other countries do; yet this type of spending is seldom described as a problem. Why is spending more on healthcare different? 2.10) a new treatment of cystic fibrosis costs […]
17:35.1/ 46 [ & The University of QueenslandCthan 0 %/0 .O Only structural unemployment as a result*of technological change will exist in theeconomy .0. 5 points` EEVEEQUESTION 5Country A has a total population of 2.5 m and1. 8 m are 15 + year – olds . The unemployedpopulation is 0. 2 m and the employedpopulation is 1.5 m .What is the unemployment rate in Country […]
GOOD IR SERVICE? 4WHO DECIDES WHETHER A MOVIE IS HOING TO BE A BLOCKBUSTER? HOW DO YOU THINK THE CREATION OF A BLOCKBUSTER MOVIE INFLUENCES WHAT, HOW , AND FOR WHOM GOODS AND SERVICES ARE PRODUCED? 5 WHAT ARE SOME OF THE COMPONENTS OF MARGINAL COST AND MARGINAL BENEFIT THAT THE PRODUCER OF MOVIE FACES? 6 SUPPOSE THAT CHRIST PRATT HAD BEEN OFFERED A PART […]
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