Discuss the observation made recently by an undergraduate philosophy major that “the major international institutions are concerned with keeping the rich countries rich, at the expense of the poorer ones.”
Policies established by the World Bank and the IMF have been the subject of much criticism, especially from the developing world. Why might developing world nations be critical of these policies? Do you think the policy actions are justified? Explain.
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept. You call your friend, an economics professor, and ask, “What is the price elasticity […]
Back to 20 or 30 years, what is the time delay between the peak or the bottom of oil price and the peak or the bottom of gasoline price?
Scarcity is the main reason we are studying economics. Scarcity exists when human wants exceed available resources. Write a four paragraph post that explains the difference between a want and a need? Please give five examples for each of these two concepts. Explain the rationale that dictates your choice
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Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from both chapters seen this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer. In the first case, assume the medication is for a life threatening illness for […]
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?”
I need help answering two questions. I will post the question and excel answer sheet. I need the correct answers for the excel sheets. Thank youQuestion 1Excel sheetQuestion 2Excel sheet
Critical Thinking: Human beings are odd creatures. We can predict the negative consequences of certain actions, and yet, we proceed with those actions. If people were logical and thought long term, no one would eat more doughnuts than fruit, no one would start smoking, no one would fail to save […]