Business, 05.10.2021 18:40 allimaycatp8qgaq
Choose one of the scenarios below and write a three-paragraph essay describing
its effect on prices for food, housing, and oil. Remember that the future is always
uncertain, so there's no right answer. Make your best guess as to what might
happen in each case based on the economic concepts you've learned so far. Pay
particular attention to how consumer demand would change and how the event
would affect production costs and the business cycle. (30 points)
a. The president signs a free-trade agreement between the United States and
Brazil.
b. The Federal Reserve chairman says that the central bank will raise interest
rates.
c. The Environmental Protection Agency relaxes environmental rules on
timber production.
Answers: 1
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John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:
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How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )
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What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk
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Choose one of the scenarios below and write a three-paragraph essay describing
its effect on price...
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