Assignment on Market Failure

Assignment 1: Market Failure: Poverty and Income Inequality Listed below are several summary statements from the 2010 Census report:     The official poverty rate in 2010 was 15.1 percent—up from 14.3 percent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points,… Continue reading Assignment on Market Failure

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Changes in minimum wage and the economy

How you feel changes in minimum wage would impact the economy? http://www.heritage.org/jobs-and-labor/report/15-minimum-wages-will-substantially-raise-prices https://www.forbes.com/sites/realspin/2016/07/04/high-minimum-wage-everyone-worse-off/#23feddc54927 http://www.inc.com/magazine/201603/norm-brodsky/15-minimum-wage-consequences-for-businesses.html

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Competitive Markets, Price, Quality and Monopoly

“Competitive Markets, Price, Quality, and Monopoly”  Please respond to the following: From the e-Activity, analyze at least two (2) primary economic assumptions and examine their short- and long-term impact on promoting the competitive market model in the healthcare environment. Evaluate the fundamental reasons why price and utilization economic factors in the healthcare setting influence competitive market… Continue reading Competitive Markets, Price, Quality and Monopoly

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Effect of reducing the money supply

Suppose you take cash from your piggy-bank (or sofa cushions) and deposit it into your checking account in the Singleton Bank thereby removing this currency from circulation. Does this have the effect of reducing the money supply? Explain your reasoning.   no plagiarism or work done before for other students 300words only…7  hours from now.… Continue reading Effect of reducing the money supply

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Describe the monetary multiplier

Describe the monetary multiplier and the relationship between it and the reserve ratio. An individual bank only makes loans up to the amount of its excess reserves. Suppose it receives a deposit of $1000, if it’s required to hold 10% it cannot lend out more than $900. If it does otherwise, it runs the risk… Continue reading Describe the monetary multiplier

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Milton Friedman discuss the production of pencils

After watching Milton Friedman discuss the production of pencils (https://youtu.be/67tHtpac5ws) discuss the following questions: 1) A common perception is that competition in business means companies trying to destroy their competitors so that they can bleed every last penny they can from consumers. Given Friedman’s commentary, how would you respond to such a perception? 2) “Competition”… Continue reading Milton Friedman discuss the production of pencils

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Great Debates by Keynes vs Hayek

Great Debates: Keynes vs Hayek This week we have a Rap Video and some Reading to do about a long-standing debate in Macroeconomics. I think the best way to do this is to watch the video, read the material, and then watch the video again. Video here: https://www.youtube.com/watch?v=GTQnarzmTOc (Links to an external site.) And a fun… Continue reading Great Debates by Keynes vs Hayek

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