Economics 606: Discussion Post question Inflation? Is it really that important?   Consumer Price Index (CPI) aka inflation number for December was reported earlier this month… In this thread below, I would like you to research what was the number reported, how significant it is for the economy? different industries? Why should we care about […]

Economics Assignment Assignment 3    Q.1. In order to encourage students to make the switch from PCs to Macs, they might give away free headphones to people who buy new computers. Use principles from behavioral economics to understand why this strategy might be successful.    (a) Suppose that a student would rather pay $1100 for […]

Basics of Economics    1. Scarcity exists when:   A. the price of a good rises. B. society can meet the wants of every individual.   C. there is less of a good or resource available than people wish to have.   D. there is less than an infinite amount of a resource or good. […]

ECN 601 week 3 answer professor Distinguish between economies of scale and economies of scope? This is a very important concept.   The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per […]

Economic sam Supply and Demand Discussion   Please think of an example from everyday life of an event that caused either the supply or the demand for a product to increase or decrease (please only shift one curve). Please take the time to think of a straightforward (easy) example; it will work much better.    […]

Trade policies on a national economy What are the potential long-term consequences of implementing protectionist trade policies on a national economy, and how do these consequences compare with the short-term benefits?