by Dan | Mar 14, 2020 | Economics
One of our main areas of focus in this session is special-interest groups. This is a topic that we could explore for weeks! It’s now time to have a discussion with your colleagues on this subject. Choose a special-interest group from a U.S. industry and examine...
by Dan | Feb 20, 2020 | Economics
Discuss the pricing policy of price discrimination. Provide the economic reasoning for movie theaters, airlines, and many other businesses to charge customers different prices based on time of the day, age, and purchase dates. Why? Provide an example of a price...
by Dan | Oct 8, 2019 | Economics
We have developed the analytical tools that economists use when discussing policy options and have discussed its likely impacts on the economy in theory. In this assignment you take the role of the policy advisors, employed by government departments or big...
by Dan | Sep 5, 2019 | economics
What are the four main categories of resources? Explain each of them.(a) Explain what happens in the simple circular flow diagram? (b) What effect do price controls have on the market system?(a) Explain what can we learn from a country’s production possibilities...
by Dan | Apr 12, 2019 | Economics
First Scenario: For most business firms that sells a particular good on the market, a decision has to be made from time-to-time to either raise the price of the good, lower the price of the good, or keep the price of the good unchanged. Based only on the concept of...
