economics 2023 Business Finance
2023 ANSWER THE FOLLOWING QUESTIONS IN AT LEAST 100 WORDS USE TEXT AS A
ANSWER THE FOLLOWING QUESTIONS IN AT LEAST 100 WORDS, USE TEXT AS A REFERENCE NO OUTSIDE SOURCES ARE NEEDED. THE REFERENCE TO THE TEXT
IS: Sexton, R. L. (2013). Exploring Economics (6th ed.). South-Western Cengage Learning.
Define, in your own words, opportunity cost. What are your opportunity costs associated with attending Bethel’s on-line program? How do they differ from your opportunity cost if you chose a program that required attendance in a traditional face-to-face classroom? Be sure to list several costs. The costs may be monetary or non-monetary.
Using the concepts of trade-offs, absolute advantage, and comparative advantage analyze the following questions:
Should Bill Gates clean his home or hire a housekeeper?
Should you clean your home or hire a housekeeper?
Is Mr. Gates’ trade-off different from yours?
Discuss the following statement from the standpoint of TANSTAAFL: “Everyone in society should be guaranteed the best healthcare possible.”
Use the concepts of equity and efficiency to support your argument.
Classify the following statements as positive or normative. Explain.
a. Price controls should be in place to keep the price of gasoline under $3 per gallon.
b. Markets are usually a good way to allocate scarce resources.
c. The current healthcare market in the United States is inefficient.
d.The U.S. should guarantee everyone “free” healthcare.
We give our students 100% satisfaction for their assignment, which is one of the most important reasons students prefer us from other helpers. Our professional group and planners have more than ten years of rich experience. The only reason that our inception days, we have helped more than 100000 students with their assignments successfully. Our expert’s group have more than 2200 professionals of different topics, and that not all; we get more than 300 jobs every day more than 90% of the assignment get the conversion for payment.