- Define the term “scarcity”. Explain how scarcity applies even in a “rich” country like the United States.
- Contrast positive economics and normative economics? Give an example of each.
- The person who smokes cigarettes cannot possibly be thinking in terms of costs and benefits because it has been proven that cigarette smoking increases one’s chances of getting lung cancer. Evaluate the part of the statement that reads “the person who smokes cigarettes cannot possibly be thinking in terms of costs and benefits”?
- Describe how each of the following would affect the U.S. PPF:
(a) a war takes place on U.S. soil,
(b) the discovery of a new oil field,
(c) a decrease in the unemployment rate, and
(d) a law that requires individuals to enter lines of work for which they are not suited. - Explain the condition that gives a PPF a bowed outward (concave downward) shape. Identify an example of this law.
Our Free Services
Paper Formatting
- Double or single-spaced
- 1-inch margin
- 12 Font Arial or Times New Roman
- 300 words per page
No Lateness!
Our orders are delivered strictly on time without delay
Our Guarantees
- Free Unlimited revisions
- Guaranteed Privacy
- Money Return guarantee
- Plagiarism Free Writing
“scarcity”.
Our Services
- Research Paper Writing
- Essay Writing
- Dissertation Writing
- Thesis Writing
Daily Statistics
- 134 New Projects
- 235 Projects in Progress
- 432 Inquiries
- 624 Repeat clients
Why Choose Us
- Money Return guarantee
- Guaranteed Privacy
- Written by Professionals
- Paper Written from Scratch
- Timely Deliveries
- Free Amendments