by Dan | Nov 13, 2023 | economics
Review chapters 4 and 5 of your textbook, Principles of Microeconomics and Price elasticity of demand using the midpoint method | Elasticity | Microeconomics | Khan AcademyLinks to an external site.. It is essential that the quantity of goods and services should be...
by Dan | Oct 29, 2023 | economics
(Feb 2018 Exam) Data from the Housing and Development Board (HDB) shows that the average price of a 5-room resale flat in Ang Mo Kio in the third quarter of 2017 was $789,000 with 61 units transacted*. With the economy continuing to do well and more foreigners...
by Dan | Oct 24, 2023 | economics
Part I – (this draws on opportunity cost (Ch 1) and markets (Ch 3)). • Describe the market for rental housing, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in...
by Dan | Oct 23, 2023 | economics
Amidst the complexities of our global economy, there exists a poignant issue that deeply resonates with me: the economic disparities faced by small-scale farmers in underserved regions. These resilient individuals, often facing financial uncertainty and limited access...
by Dan | Oct 21, 2023 | economics
For each of the examples below, please answer the following: a. Does an externality exist? If so, classify the externality as positive/negative (or both). b. If an externality exists, determine whether the Coase Theorem applies (i.e. is it possible to assign property...
by Dan | Oct 21, 2023 | economics
Explain (in at least 200 words for each letter), why you agree or disagree with the following ideas: a. All people have a right to use as many resources as they want. b. Other species exist to be used by humans.
