(Answered) Explain the assumptions behind the model of perfect

Economics

1. Provide an example of each of the factors of production and how the government may alter the factor to expand the productive ability of the economy? Provide a chart if needed?

2. Explain the concept of comparative advantage. How does this concept explain that it is advantageous for the US to trade with a country at a markedly lower level of technological development? Provide a chart if needed?

3. Explain how a minimum wage may allow for more discrimination to occur in a workplace. Is this a certain conclusion? What market conditions would mitigate this outcome? Provide a chart if needed?

4. Explain the assumptions behind the model of perfect competition? Provide a chart if needed?

5. Explain the sources of the recent housing price "bubble"? Provide a chart if needed?

6. Using the PPF and Circular Flow models explain how a government shutdown will likely alter the short- and long-run health of the economy? Provide a chart if needed?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9374979
Price:- $60

Verified Expert

Priced at $120 Now at $60, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question when a neighborhood is cleaned up and kept neat

Question: When a neighborhood is cleaned up and kept neat, there are a number of positive spillovers: higher property values, less crime, happier residents. What types of government policies can encourage neighborhoods t ...

Question my question would impact of demonitization on

Question: My question would impact of demonitization on rural and agrarian economy, it is said that digitization would rise, however to it implementation would be at faster pace in urban and its fringes. How would rural ...

Question suppose ford motor company issues a five year bond

Question: Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150. a. What is the interest rate Ford is paying on the borrowed funds? b. Suppose the marke ...

Question in these efforts they build scholarship based on

Question: In these efforts, they build scholarship based on reason, balance, and supporting evidence, although much of this scholarship is based on theory. Discuss how political scientists attempt to quantify data, manip ...

Question to slowdown the economy and prevent overheating

Question: To slowdown the economy and prevent overheating (inflationary pressure buildup), fiscal and/or monetary policies can be employed. Using Aggregate Demand/Aggregate Supply (AD/AS) model discuss two fiscal policy ...

Question consider two towns a and b where only 2 goods are

Question: Consider two towns A and B where only 2 goods are produced: pasta and smart phones. The production technology used in town A requires 2 people to produce 1 unit of pasta and 10 people to produce 1 unit of smart ...

Question why would more accurate economic forecasting make

Question: Why would more accurate economic forecasting make it easier for policymakers to stabilize the economy? Describe two ways economists try to forecast developments in the economy. The response must be typed, singl ...

Question it is hot day and bert is thirsty here is the

Question: It is hot day, and Bert is thirsty, here is the value he places on a bottle of water: Value of first bottle $7 Value of second bottle $5 Value of third bottle $3 Value of fourth bottle $1 a) From this informati ...

Question how can effective communication with people who

Question: How can effective communication with people who are different from us positively impact our personal identity? In what way does this affect our ability to understand other people's communication? Provide concre ...

Question in a local market the monthly price of internet

Question: In a local market, the monthly price of Internet access service decreases from $20 to $10, and the total quantity of monthly accounts across all Internet access providers increases from 80,000 to 180,000 What i ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert