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POST ECO202 full course [ all disscussion all assignment midterm and final ]

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Question;unit 1 disscussionsIn your opinion should our government impose price floors and/or price ceilings in our economy? Do they do more harm than good?Do you feel there is an excessive amount of regulation in our economy in general? Why or why notunit 2 dissDo you feel we are overtaxed in our economy? Why or Why not?Do we have too many imported goods in our economy? Why or Why notunit 31. Give two examples of externalities that you encounter in your life. What is the hidden cost associated with the externality? How would your capture that cost?2. Provide an example of a public good. Is a government provided service necessarily a public good?3. If we reform the tax code, should there be a consumption tax rather than an income tax? Why or what not? What are the two sides to a consumption tax?unit 4Give an example of an externality (positive or negative) that you have experienced and a benefit from a public good.unit 5The four model markets are:1. Competitive Market-e.2. Monopoly Market-3. Oligopoly Market4 Monopolistic Competitionwhich one is best and which one is worstunit 6Do you feel you are fairly compensated for the work you do?Do you feel there are any imbalances to our wage structure in our economy?Questionunit 7In your opinion, do you feel education is important in getting a better job and earning more money. Why or why not?Do you believe there are opportunity costs to furthering your education? If so, what are they? If not, why?unit 8discussionsUnit 1 AssignmentRead Chapters 4, 5, 6Assignment Questions:Questions for Review p.128-129 #'s 4, 5, 7Assignment is due Sunday and late assignments are not accepted.(Remember to include examples in your answers to improve you grade)Questions for review pages 128-129 numbers 4, 5, & 7="msonormal">4.)Explains why economists usually oppose controls on prices.5.) Suppose the government removes a tax on buyers of a good and levies a tax of the same size on sellers of the good. How does this change in tax policy affect the price that buyers pay sellers for good, the amount buyers are out of pocket including the tax, and the quantity of the good sold?7.) What determines how the burden of a tax is divided between buyers and sellers? Why?Unit 2 AssignmentRead Chapters 7, 8, 9Assignment Questions:Questions for Review p. 167 #'s 1, 4, 5Assignment is due Sunday and late assignments are not accepted.(NOT Problems and Applications)Questions for Review p.167 #'s 1, 4, 51.) What happens to consumer and producer surplus when the sale of is good is taxed?4.) Why do experts disagree about whether labor taxes have small or large deadweight losses?="msonormal">5.) What happens to the deadweight loss and tax revenue when a tax is increased?Unit 2 AssignmentRead Chapters 7, 8, 9Assignment Questions:Questions for Review p. 167 #'s 1, 4, 5Assignment is due Sunday and late assignments are not accepted.(NOT Problems and Applications)Questions for Review p.167 #'s 1, 4, 51.) What happens to consumer and producer surplus when the sale of is good is taxed?4.) Why do experts disagree about whether labor taxes have small or large deadweight losses?="msonormal">5.) What happens to the deadweight loss and tax revenue when a tax is increased?Question 14 out of 4 pointsA group of buyers and sellers of a particular good or service is called a(n)? Question 24 out of 4 pointsIn a competitive market, each seller has limited control over the price of his product because? Question 34 out of 4 pointsIf a firm is a price taker, it operates in a? Question 44 out of 4 pointsThe line that relates the price of a good and the quantity demanded of that good is called the demand? Question 54 out of 4 pointsThe price elasticity of demand for a good measures the willingness of? Question 64 out of 4 pointsThe case of perfectly elastic demand is illustrated by a demand curve that is? Question 74 out of 4 pointsConsumer surplus? Question 84 out of 4 pointsThe marginal seller is the seller who? Question 94 out of 4 pointsAt the equilibrium price of a good, the good will be purchased by those buyers who? Question 104 out of 4 pointsMarket power and externalities are examples of? Question 114 out of 4 pointsThe Social Security tax is a tax on? Question 124 out of 4 pointsA logical starting point from which the study of international trade begins is? Question 134 out of 4 pointsWhich of the following is not an important question for economic policy raised by the experience of the textile industry?? Question 144 out of 4 pointsAn externality is an example of? Question 154 out of 4 pointsA cost imposed on someone who is neither the consumer nor the producer is called a? Question 164 out of 4 pointsResearch into new technologies provides a? Question 170 out of 4 pointsExternalities can be corrected by each of the following except? Question 184 out of 4 pointsThe Golden Rule is an example of a private solution for? Question 194 out of 4 pointsThat some firms are engaged in more than one type of business is explained, in some cases, by? Question 204 out of 4 pointsA free rider is a person who? Question 214 out of 4 pointsThe largest source of revenue for the federal government is the? Question 224 out of 4 pointsThe U.S. federal government finances budget deficits by? Question 230 out of 4 pointsThe theory that the wealthy should contribute more to police protection than the poor because they have more to protect is based on? Question 244 out of 4 pointsThe argument that each person should pay taxes according to how well the individual can shoulder the burden is called? Question 254 out of 4 pointsThe notion that similar taxpayers should pay similar amounts of taxes is known as="msonormal">Unit 5 AssignmentRead Chapters 15,16, 17Unit 5 Assignment Questions:Questions for Review p. 325 #'s 1, 2, 31.Give an example of a government- created monopoly. Is creating this monopoly necessarily bad public policy? Explain.2. Define natural monopoly. What does the size of a market have to do with whether an industry is a natural monopoly?3. Why is a monopolist?s marginal revenue less than the price of its good? Can marginal revenue ever be negative? Explain.Topic PaperIn economic history there have been many great Economists who have developed theories, concepts and ideas which have improved our economy to a great degree. Below are five very influential and important economists:Irving Fisherhttp://en.wikipedia.org/wiki/Irving_FisherMilton Friedmanhttp://en.wikipedia.org/wiki/Milton_FriedmanFriedrich A Hayekhttp://en.wikipedia.org/wiki/Friedrich_A._HayekJohn M. Keyneshttp://en.wikipedia.org/wiki/John_M._KeynesAdam Smithhttp://en.wikipedia.org/wiki/Adam_smithI tried to include a diverse group so at least one will spark your interest. Please look at the Wikipedia link to get some brief information on them, but use Wikipedia only as a starting point in your research and DO NOT include Wikipedia as a reference in your papers. Wikipedia is a great place for information, but should not be used as a source in academic writing. The issue is that anyone can edit it so please use this only as a starting point. If for some reason you would rather write about another economist you can, but you must email the person of your choice and your reason for the selection by the end of Unit 3 for approval.Please discuss the different economic theories of the person of your choice. Why are they important? Have they helped or hurt our economy? If they were alive today, what do you think he would suggest as an economic plan for our economy? Would they agree or disagree with the current policies?You must use APA and include the following in your paper: Cover page, Thesis Statement (included in the introduction and typically the last sentence of the introduction), Body of paper, Conclusion, Reference Page (NOT a works cited or bibliography as this is APA). The Paper is due at the end of Unit 7 and I will check all papers for plagiarism. Any papers that have plagiarism will automatically be graded a 0 and will be turned over to the Academic Affairs Department at Post University for further action.Grade point value is 100 and is 20% of your grade.The paper must be 5 to 8 pages in length (not including the cover page or reference page) and include at least three references besides the textbook? Question 10 out of 4 pointsA student might describe information about the costs of production as? Question 24 out of 4 pointsTo an economist, the field of industrial organization answers which of the following questions?? Question 34 out of 4 pointsEconomists assume that the typical person who starts her own business does so with the intention of? Question 44 out of 4 pointsHow long does it take a firm to go from the short run to the long run?? Question 54 out of 4 pointsWhen a firm experiences constant returns to scale,? Question 64 out of 4 pointsWhen a firm experiences diseconomies of scale,? Question 74 out of 4 pointsA key characteristic of a competitive market is that? Question 84 out of 4 pointsIn a competitive market,? Question 94 out of 4 pointsWhich of the following firms is the closest to being a perfectly competitive firm?? Question 104 out of 4 pointsFor a competitive firm,? Question 114 out of 4 pointsEconomists assume that monopolists behave as? Question 124 out of 4 pointsDeadweight loss? Question 134 out of 4 pointsWhich of the following pairs illustrates the two extreme examples of market structures?? Question 144 out of 4 pointsThe general term for market structures that fall somewhere between monopoly and perfect competition is? Question 154 out of 4 pointsMonopolistic competition is characterized by which of the following attributes?(i)free entry(ii)product differentiation(iii)many sellers? Question 164 out of 4 pointsIn a monopolistically competitive market,? Question 174 out of 4 pointsIn monopolistic competition as well as in monopoly,? Question 184 out of 4 pointsA firm in a monopolistically competitive market faces a? Question 194 out of 4 pointsThe theory of oligopoly provides another reason that free trade can benefit all countries because? Question 204 out of 4 pointsThe likely outcome of the standard prisoners' dilemma game is that? Question 214 out of 4 pointsIn a game, a dominant strategy is? Question 224 out of 4 pointsBecause a firm's demand for a factor of production is derived from its decision to supply a good in the market, it is called a? Question 234 out of 4 pointsThe purchase price of capital is? Question 244 out of 4 pointsWhich of the following accurately describes how earnings from capital eventually get paid to households?? Question 254 out of 4 pointsLabor-market discrimination is evident when

 

Paper#56042 | Written in 18-Jul-2015

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