Econs 301_intermediate_Microeconomics Midterm - Speech or Presentation Example

microeconomics Name of of professor Date microeconomics Answer 1: The free market economy is an economic structure in which the forces of the market interact with one another in order to determine the equilibrium market condition.... hellip; The main forces of the market are the forces of demand and supply....

intermediate microeconomics: A Modern Approach (6th ed.... Inequality is the unfair distribution of resources in a society in which a small group receives most of the wealth and the majority suffers living in low income levels (Varian, 2003).... In the world the developed nations in the world known as G8 control more than 80% of the… The United States is one of more renounce members of the G8, a nation that even though its people live in good prosperity the rich control over 90% of the internal wealth of the United States, while the rest work hard everyday to provide good shelter, Inequality is the unfair distribution of resources in a society in which a small group receives most of the wealth and the majority suffers living inlow income levels (Varian, 2003)....

intermediate microeconomics (6th).... Some economist believe the US economy is already in a recession, but the reality is that this is not truth according to economist theory since an economy officially occurs when there are two… The fact remains that the US is going through some economic troubles and the causes are not limited to domestic consideration....

Probation, parole, and intermediate sanctions are some of the avenues through which these objectives can be achieved.... intermediate sanctions provide more strict conditions and supervision on convicts.... Probation, parole, and intermediate sanctions Law enforcement agencies employ varieties of avenues for reducing crime rates and promoting correctional initiatives and rehabilitation of criminals.... Probation, parole, and intermediate sanctions are some of the avenues through which these objectives can be achieved....

Towards the end of March 2012, the unemployment rate of US stood at 8.... %, although US successfully created over 120k jobs in a time period of 7 months but it is… The consumption levels and the rate of GDP is even increasing but at the rate of which a tortoise travels, this is because of increased oil Macroeconomic Situation of US Macroeconomic Situation of US Since the start of the recessionary period of 2008, US have been trying to recover from several macroeconomic issues....

Using the values and from the graph we observe that the effect of eyeballing which already indicates some time-dependent relationship between unemployment and the inflation rate.... Thus there is evidence of Phillips curve relationship. (b) Calculate the 12-month percentage… Is there any relationship between them?...

This statement is an implied contract that makes the manufacturer responsible for repair or replacement of a product for a particular period after… The warranties mean that a product is defect-free in terms of material and workmanship hence failure to perform as customary will lead to reimbursement by the manufacturer through repair or replacement....

Coal-seam mining affects the water table and subsequently the agriculture and with associated health costs. b) Sometimes, market outcome differs from… Market failure may occur when there is a negative externality that imposes an external cost on the society.... The efficient level of coal gas mining for the society is lower than the market quantity....