Economics

Some civil society groups and activists propose a zero-economic-growth policy in order to preserve the environment. Discuss the pros and cons of this proposal. What impact does the government have in the loanable funds market?

Describe the price elasticity of demand of Twitter’s services. Are Twitter’s services elastic or inelastic? In your analysis, indicate how some determinants of demand, i.e. substitutes, advertising, changes in prices of related goods, tastes and preferences influence the demand for Twitter’s services. How does their marketing plan impact the demand for Twitter’s services.

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 discrimination for a good or service that you considered unfair. Do you still believe that the discrimination is unjustifiable?

I’ve noticed a couple of things over the past few years. The price of gasoline continues to fluctuate over time. We are thrilled when the price decreases. And we complain about the price of gasoline when it increases. We are fully aware that there are very limited substitutes for gasoline and oil, as used for driving and heating homes. Recently a common price for unleaded gasoline at the gas pumps in the Mid-Hudson Valley of New York has been approximately $2.35 per gallon. The other day a local gas station was selling regular unleaded gas for $2.09 per gallon…. I filled up the tank in my car and felt that I had gotten a real bargain! Gas prices are currently low due to the pandemic and it is one of the things that we are happily noticing.On the other hand, bottled water has become a popular consumption item. We willingly purchase bottled water, even though there are substitute beverages, including juice, coffee, tea, milk, soda, and TAP WATER. I collected information on the price of bottled water at a local grocery store. The least expensive brand was Poland Spring Water (@$.49 per quart) and the most expensive brand was Perrier (@$1.89 per quart). If we compare the price of water with the price of gasoline, Poland Spring Water costs $1.96 per gallon and Perrier costs $7.56 per gallon. The least expensive brand is not much cheaper than gasoline and the most expensive brand clearly costs a lot more than gasoline per gallon.Recently it was reported that Dr. Pepper Snapple Group Inc. has experienced growth in sales and profits, largely attributable to an increasing demand for bottled water as growth in the company’s fountain food service business.Why are we so willing to pay these prices for an item (bottled water) that has many alternatives and yet complain about the price of gasoline, for which there are few alternatives? Does there seem to be a relationship between a buyer’s sensitivity to price and how much we complain?!?!?!?!Do you think marketing and advertising has anything to do with our willingness to pay for water? A successful marketing or advertising campaign will increase the demand (shift the demand curve to the right) and/or decrease the buyer’s sensitivity to price changes. What factors do you think affect our sensitivity to prices of gasoline and bottled water? Please comment…

For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:1. What factors influence the demand for this product? What factors influence the supply of this product?2.How have these changes in supply and demand affected the equilibrium price of this product?3.Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.

Consider Example 5.7 in your textbook:  In this example, why is $100 only worth $9.23 today?Discounting: If we increased the length of time involved, would this present value increase or decrease?Compounding: If the going rate of the savings certificate increased above 10%, what would happen to the future value of the certificate?Would it be above or below $100?Ethics: Is this scenario deceptive advertising?  Why or why not?Support your position with at least one biblical principle with a specific Bible verse that you feel is relevant to the situation (explain how and why it applies).

After reading chapters 12 through 14 AND chapter 16, please address the following questions.1:  How does a government’s economic policy affect the level of unemployment in a country?2:  Should governments aim to minimize the unemployment rate?Here is the link to the book we are using:  .https://open.lib.umn.edu/macroeconomics

Macroeconomic analysis deals with the crucial issue of government involvement in the operation of “free market economy.” The Keynesian model suggests that it is the responsibility of the government to help to stabilize the economy. Stabilization policies (demand-side and supply-side policies) are undertaken by the federal government to counteract business cycle fluctuations and prevent high rates of unemployment and inflation. Demand side policies are government attempts to alter aggregate demand (AD) through using fiscal (cutting taxes and increasing government spending) or monetary policy (reducing interest rates). To shift the AD to the right, the government has to increase the government spending (the G-component of AD) causing consumer expenditures (the C-component of AD) to increase. Alternatively the Federal Reserve could cut interest rates reducing the cost of borrowing thereby encouraging consumer spending and investment borrowing. Both policies will lead to an increase in AD. Develop an essay discussing the fiscal and the monetary policies adopted and implemented by the federal during the Great Recession and their impacts on the U.S. economy. Complete this essay in a Microsoft Word document, and in APA format. Note your submission will automatically be submitted through “TurnItIn” for plagiarism review. Please note that a minimum of 700 words for your essay is required. Your paper should be structured as follows 1. Cover page with a running head 2. Introduction: What is the economic meaning of a recession? · A brief discussion of fiscal policies · A brief discussion of monetary policies 3. Conclusions: Discuss the extent to which the use of demand side policies (fiscal policy and monetary policy) during the Great Recession of 2008 has been successful in restoring economic growth and reducing unemployment 4. Reference

After reading chapters 9 through 11 address the following questions. 1:  How do Government and central banks control the money supply?2:  What impact does the money supply have on a country’s economy?FYI…You may want to look up an alternative theory called Modern Monetary Theory and compare it with the description that the textbook provides. Here is the link to the book we are using:  .https://open.lib.umn.edu/macroeconomics

Find a news article of your choice describing a good or service (you may use articles from websites such as cnn.com or foxnews.com). Summarize the situation and identify what supply or demand shift factor is at work. Describe the effect on equilibrium price and quantity given the shift factor. Provide a copy of your article with your written assignment.Writing assignments are to be completed inAPA format, double spaced, and 1-2 pages in length. In your response, be certain to answer all questionsclearly and concisely