Question 1

Answer FIVE (5) of these questions using details and examples. No specific length, just not too short and must answer five of them.

How is the demand schedule for a given good related to its demand curve?

How is the concept of â€œdemandâ€ related to the demand schedule and demand curve?

What happens to the demand schedule and demand curve for black ink pens when consumer preference for black ink pens (over blue ones) increases?

Why doesnâ€™t a change in the price of eggs cause a change in the demand for eggs?

What causes a shortage and how can it fairly quickly be resolved?

What causes a surplus and how can it be fairly quickly resolved?

What are the determinants of inelastic demand?

Why does the government put excise taxes on goods with inelastic demand rather than elastic demand?

(Donâ€™t tell me because the government loves me and wants to take care of me).

Question 2

1-3 paragraphs.

Please discuss the current fiscal policies in the United States- these can include Affordable Health Care Law, Minimum Wage increase, Welfare, Student Loan Debt, etc.- This is a discussion to look for ideas- what do you think the United States can do to recovery from the economic downturn. Be sure to offer specific ideas and solutions- It is fine to state a problem but be sure to follow up the problem you have identified with a solution to the problem.

Question 3

APA format. No set length. Include references.

The national debt and deficits are two highly charged political-economic issues. Research online (Using reputable sources- be sure to cite the source) and answer the following questions:

1. How big is the current national debt? How much will it increase in the hour you are in working on this class ?

2. What percent of the national debt is held by other agencies of the U.S. government?

3. Click on the historical debt link. What was the national debt in the year you were born

4. What do you think could be/should be done about the national debt?

Question 1 Answer FIVE (5) of these questions using details and...