by Belinder | Jul 7, 2023 | Economics
What does a supply curve illustrate? Other than its own price, what are the determinants of the supply of a commodity. What would make a supply curve shift to the right? Imagine that the market for orange juice is in equilibrium at a price...
by Belinder | Jul 7, 2023 | sociology
Meyer describes the “Tragedy of the Commons.” The IMF article explains how this type of problem is an example of an “externality.” What is an externality? What might be a good government policy to solve the...
by Belinder | Jul 7, 2023 | economics
Briefly discuss the aggregate supply curve in the neoclassical model, including how the curve is drawn, what it determines, and how it operates over time.
by Belinder | Jul 7, 2023 | economics
Explain what the neoclassical perspective on macroeconomics emphasizes Does acceptance of this approach imply that the Keynesian approach is wrong?
by Belinder | Jul 7, 2023 | economics
Why does productivity growth in high-income economies not slow down as it runs into diminishing returns from additional investments in physical capital and human capital? Does this show one area where the theory of diminishing returns fails to...
