Microeconomics: Causes of the Great Depression
9969After reading Chapter 7 and Special Topic 6, write a 2-page paper answering the following question: Contrary to a popular view, the Great Depression was not caused by the 1929 stock market crash. We have had similar reductions in stock prices to those in 1929...
Microeconomics: Discussion
9948Recent research confirms that the demand for cigarettes is not only price inelastic, but it also indicates smokers with incomes in the lower half of all incomes respond to a given price increase by reducing their purchases by amounts that are more than four times...
Microeconomics – Housing Collapse Paper
9910After reading Special Topic 5, write a 2-page paper answering the following: Why did housing prices rise rapidly during 2002 - 2005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 - 2009 recession began? What did the Community Reinvestment...
Microeconomics – Discussion
9909Politicians have a strong incentive to follow a strategy that will enhance their chances of getting elected and re-elected. Political competition more or less forces them to focus on how their actions influence their support among voters and political contributors. What is market failure, and...
Economic Inequality and Happiness
9879Please see uploaded file for directions. Must be 450 words....