Category: Economics : Macroeconomics

In your paper,
Explain what elasticity of demand means in your own words. Support your explanation with a suitable example.
Describe the relationship between elasticity of demand and revenue when the prices are changed. [Hint: make sure to refer to the worksheet]
Rank the demand of these three goods by their expected price elasticities of demand from most elastic to least elastic 1) a blue colored iPhone 2) a smartphone 3) iPhone.
Explain why you ranked the goods above in the way you did.
The Elasticity of Demand paper
must be two to four double-spaced pages in length (not including title and references pages and formatted according to APA StyleLinks to an external site. as outlined in the Writing Center’s APA Formatting for Microsoft WordLinks to an external site. resource.
must include a separate title page with the following in title case:
title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
student’s name
name of institution (The University of Arizona Global Campus)
course name and number
instructor’s name
due date
must utilize academic voice. See the Academic VoiceLinks to an external site. resource for additional guidance.
must include an introduction and conclusion paragraph.
Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & ConclusionsLinks to an external site. and Writing a Thesis StatementLinks to an external site., refer to the Writing Center resources.
must use at least two credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible SourcesLinks to an external site. table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source.
To assist you in completing the research required for this assignment, view Quick and Easy Library ResearchLinks to an external site. tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.
must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your PaperLinks to an external site. guide.
must include a separate references page that is formatted according to APA Style as outlined in the Writing Center.
See the APA: Formatting Your References ListLinks to an external site. resource in the Writing Center for specifications.

All the details are explained clearly in the assessment brief
Follow the brief and grading rubric please to make sure the paper is the best it could be
The data in the report should be from the excel sheet provided and use outsourced data wherever needed
Add self made charts to explain further
Add an appendix at the end for the charts made
Include in text citation

Define and explain the Aggregate Demand Curve. Identify, define and explain in detail the four components of Aggregate Demand.  Explain in 200 words or more.   
Explain in details why wages may be sticky downward. Explain in 200 words or more.
Discuss whether or not indexing wages benefit every worker equally? Explain in detail, why or why not?  Explain in 200 words or more.

https://www.oecd-ilibrary.org/economics/country-statistical-profiles-key-tables-from-oecd_20752288
Using the South University online library, the Internet, and the data from the Organization for Economic Cooperation and Development (OECD), research comparative international work and compare the United States and Canada with respect to which country is more effective in the areas of (1) economic growth; (2) expenditure (public and private expenditure on health); (3) information and communications technology; and (4) health.
Click here to access data from the OECD.
On the basis of your observations, create a 1 page report.
Your report should address the following questions:
After going through the statistics:
What information or statistic you find either surprising or reasonable?
Do you anticipate the statistics will be similar in ten years? Why or why not?
The current structure of healthcare coverage in the United States has a combination of employer-based coverage and public program (e.g., Medicare, Medicaid) coverage, with a large uninsured population. If a single-payer system is implemented where Medicare is expanded to cover all citizens for those who prefer private insurance, there will be comparable coverage under the same range of private insurance plans already available. Keeping in mind these considerations, answer the following questions:
What do you think about allowing some people to purchase additional insurance, thereby creating a two-tier health system based on affordability?
What are the advantages and disadvantages of this initiative?
Considering the fact that healthcare is not a guaranteed right for everyone in the United States, there are different kinds of barriers and obstacles in obtaining healthcare. In contrast to this fact, the notions of equity and fairness are considered very important. You will notice that these notions aren’t considered when we discuss people’s access to other goods, such as cars and computers.
What are these barriers? Give examples of the different barriers to health care under the following headings:
Financial barriers
Scarcity of healthcare providers
Barriers to access healthcare
Cultural barriers
Barriers of healthcare resources
How would you define the term, “equity and fairness”, in the context of the healthcare situations prevailing in the United States and Canada?
Why are they considered important when discussing people’s access to care?
It is believed that government funded healthcare for all citizens is consistent with a capitalist economy and the cultural values of self-determination and free enterprise.
Do you agree with this statement? If not, what other approaches do you think will resolve the current inequities in the system?
To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

https://www.oecd-ilibrary.org/economics/country-statistical-profiles-key-tables-from-oecd_20752288
Using the South University online library, the Internet, and the data from the Organization for Economic Cooperation and Development (OECD), research comparative international work and compare the United States and Canada with respect to which country is more effective in the areas of (1) economic growth; (2) expenditure (public and private expenditure on health); (3) information and communications technology; and (4) health.
Click here to access data from the OECD.
On the basis of your observations, create a 1 page report.
Your report should address the following questions:
After going through the statistics:
What information or statistic you find either surprising or reasonable?
Do you anticipate the statistics will be similar in ten years? Why or why not?
The current structure of healthcare coverage in the United States has a combination of employer-based coverage and public program (e.g., Medicare, Medicaid) coverage, with a large uninsured population. If a single-payer system is implemented where Medicare is expanded to cover all citizens for those who prefer private insurance, there will be comparable coverage under the same range of private insurance plans already available. Keeping in mind these considerations, answer the following questions:
What do you think about allowing some people to purchase additional insurance, thereby creating a two-tier health system based on affordability?
What are the advantages and disadvantages of this initiative?
Considering the fact that healthcare is not a guaranteed right for everyone in the United States, there are different kinds of barriers and obstacles in obtaining healthcare. In contrast to this fact, the notions of equity and fairness are considered very important. You will notice that these notions aren’t considered when we discuss people’s access to other goods, such as cars and computers.
What are these barriers? Give examples of the different barriers to health care under the following headings:
Financial barriers
Scarcity of healthcare providers
Barriers to access healthcare
Cultural barriers
Barriers of healthcare resources
How would you define the term, “equity and fairness”, in the context of the healthcare situations prevailing in the United States and Canada?
Why are they considered important when discussing people’s access to care?
It is believed that government funded healthcare for all citizens is consistent with a capitalist economy and the cultural values of self-determination and free enterprise.
Do you agree with this statement? If not, what other approaches do you think will resolve the current inequities in the system?
To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

https://www.oecd-ilibrary.org/economics/country-statistical-profiles-key-tables-from-oecd_20752288
Using the South University online library, the Internet, and the data from the Organization for Economic Cooperation and Development (OECD), research comparative international work and compare the United States and Canada with respect to which country is more effective in the areas of (1) economic growth; (2) expenditure (public and private expenditure on health); (3) information and communications technology; and (4) health.
Click here to access data from the OECD.
On the basis of your observations, create a 1 page report.
Your report should address the following questions:
After going through the statistics:
What information or statistic you find either surprising or reasonable?
Do you anticipate the statistics will be similar in ten years? Why or why not?
The current structure of healthcare coverage in the United States has a combination of employer-based coverage and public program (e.g., Medicare, Medicaid) coverage, with a large uninsured population. If a single-payer system is implemented where Medicare is expanded to cover all citizens for those who prefer private insurance, there will be comparable coverage under the same range of private insurance plans already available. Keeping in mind these considerations, answer the following questions:
What do you think about allowing some people to purchase additional insurance, thereby creating a two-tier health system based on affordability?
What are the advantages and disadvantages of this initiative?
Considering the fact that healthcare is not a guaranteed right for everyone in the United States, there are different kinds of barriers and obstacles in obtaining healthcare. In contrast to this fact, the notions of equity and fairness are considered very important. You will notice that these notions aren’t considered when we discuss people’s access to other goods, such as cars and computers.
What are these barriers? Give examples of the different barriers to health care under the following headings:
Financial barriers
Scarcity of healthcare providers
Barriers to access healthcare
Cultural barriers
Barriers of healthcare resources
How would you define the term, “equity and fairness”, in the context of the healthcare situations prevailing in the United States and Canada?
Why are they considered important when discussing people’s access to care?
It is believed that government funded healthcare for all citizens is consistent with a capitalist economy and the cultural values of self-determination and free enterprise.
Do you agree with this statement? If not, what other approaches do you think will resolve the current inequities in the system?
To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

Go to the following URL https://www.washingtonpost.com/technology/2020/07/29/apple-google-facebook-amazon-congress-hearing/
and learn about the recent Congressional hearings held where Amazon, Apple, Facebook and Google testified before Congress.
Are these cases of monopoly or oligopoly power? Why or why not?
Should the government be doing something to limit the market power of these firms?
What do you think should be taken into consideration to decide if action should be taken?
If you believe something should be done, what sort of remedies do you think would be appropriate? If you don’t think anything should be done, what harm do you think would result from government intervention?
Are there examples of network effects at play with the way that these companies operate? What evidence do you have of that?
Are consumers benefiting from these firms, or being harmed?

Please cite another source about the Congressional hearings.

Your son is graduating from high school and is about to enter the work force. He has developed a strong curiosity about our economic system and how it works. Because you have a good understanding of basic economics, he has asked you to explain several concepts that are essential to an understanding of how the economy works. Your son has asked you to explain the following concepts and ideas:
Absolute and comparative advantage: Explain how these concepts describe the benefits and costs of international trade.
“Invisible hand”: What is it and how does it affect the decision-making process in our economic system?
Circular flow diagram: Include the government sector in your explanation, a description of the roles that each participant plays in the economy, and how the different sectors interact in the markets.
The Production Possibilities model: Provide an example and include a summary of what the model is illustrating and the economic implications for the economy.
Microeconomics and macroeconomics: Explain the differences between the two and why economics is divided into these two subdivisions.

What does gross domestic product (GDP) tell us?
How did GDP change from 2008? What caused these changes? What is real GDP?
What was real GDP in 2008 and has it changed since 2008?
What was national income (NI) for 2008? What does national income tell us? What is the difference between GDP and NI? How has NI changed since 2008? What caused these changes?
What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes?
Does GDP measure the well-being of society? Why or why not?
What was GDP in 2008 (sometimes called GSP) for your state? How does your state rate when compared to other states?

Supply and Demand Concepts
You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these feeders.
Your client has asked that you develop a report addressing the following questions so that you can present these findings to their Board of Directors:
Questions:
Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel.
How are the laws of supply and demand illustrated in this graph? Explain your answers.
What is the equilibrium price and quantity in this market?
Assume that the government imposes a price floor of $180 in the feeder market. What would happen in this market?
Assume that the price floor is removed and a price ceiling is imposed at $90. What would happen in this market?
Now, assume that the price of feeders drops by 50%. How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change.
Assume that incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Assume that the number of sellers decreases in this market. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why?