Economic question

          In the late 1990s, the stock prices of many companies were unusually high. These often-inflated stock prices meant high purchase prices for many business acquisitions and, in many cases, incredibly high values allocated to goodwill....

Chemicals produced by the factory supply and demand curves

    A chemical factory has leaked a toxic substance into the ground because fixing the leak was more expensive than the small amount of toxic substance was worth to them. Once it was discovered that the substance was contaminating local water supplies,...

The Problems of Price Controls

    Case Study (1): The Problems of Price Controls As part of course assessment, it is required to study  a case study and answer related questions. In doing so, you are required to read an article on “The Problems of Price Controls: History Shows that These...

Structure and contents of the BHPS data

    1. Visit the BHPS website (https://www.iser.essex.ac.uk/bhps) and familiarize yourself with the basic structure and contents of the BHPS data. What features make it a suitable data set for the estimation of the BM model? 2. Open the file BM_data.dta and...

Health care is an economic good.

essay question: “Health care is an economic good.” Explain what is meant by this statement and critically discuss it. Using the concept of opportunity cost, examine the implications of the statement for decisions about health and health care. Give examples to...

Jingle All the Way

  Watch the video clip from Jingle All the Way https://mediaweb.saintleo.edu/courses/ECO202/AVP/jingle.MP4. (View Transcript.) Consider the following: Prices serve a rationing function. When quantity demanded exceeds quantity supplied, prices rise to alleviate...