A ‘technology dead end’

  What is a ‘technology dead end’? Why are technology dead ends important for economic growth? Illustrate with an example. Hint: Easterly (2002) talks about all this in ch. 9. In your opinion, does intellectual property (i.e., temporary ownership of…

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Economics like a science

    1. How is economics like a science? 2. Why is economics a “social” science? 3. Why do economists sometimes offer conflicting advice to policymakers? 4. Should an economic model describe reality exactly? The post Economics like a science…

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An AS/AD model perspective

    Discuss the following statement, from an AS/AD model perspective (aggregate supply / aggregate demand): The influence of changes of aggregate demand on output level and price level depends on the economic environment. (What are ways to represent different…

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Economic questions

1. Define opportunity costs? Opportunity cost is the profit lost when one alternative is selected over another. 2. Identify at least two non-monetary and monetary opportunity costs you forgo to attend classes online? 3. What is a Production Possibilities Curve…

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Disney World

    Theme parks such as Disney World are a billion-dollar industry built on deep roots in middle-class family entertainment. Disney’s parks and resorts’ profits have nearly doubled over the past five years to $2.2 billion in fiscal year 2016,…

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Fiscal policy changes

  Write a five- to six-page paper answering the following regarding fiscal policy changes that have been initiated to address the economic weakness brought on by the Coronavirus pandemic: Describe policies that could stimulate the economy? Defend your answer with…

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