Instructions
Question 1
Identify a good you commonly use or would like to use. *Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in the supply curve for that good. *Describe the effect on equilibrium price and quantity of each factor and how those changes would affect your life. *Finally, explain how the shifts in demand and supply are different from movements along the demand curve or movements along the supply curve and why the distinction is important.
Must be at least 200 words in length. No references or citations are necessary unless otherwise used.
Question 2
Incorporate the concepts of game theory to international trade and tariffs. Set up two payoff matrices. Set up the first payoff matrix such that the outcome will be harmful to both countries. Set up the second payoff matrix such that the outcome will be beneficial to the United States. From your perspective as a consumer, evaluate the two matrices using current actions by each country to see which most likely benefits domestic consumers.
Must be at least 200 words in length. No references or citations are necessary unless otherwise used.
Please consider reviewing:
1. https://www.investopedia.com/terms/m/monopoly.asp
2. https://www.investopedia.com/terms/o/oligopoly.asp.
3. https://www.thebalance.com/what-is-trade-protectionism-3305896
4. https://www.investopedia.com/terms/g/gametheory.asp.
Interested in getting help with this assignment?
Get a professional writing team to work on your assignment!
Order Now
Recent postsFor this final assignment, you will prepare a brief paper detailing the steps undertaken to complete a presentation that disseminates information you assemble
Please choose to answer only one of the 2 following questions. Option 1: In your opinion and based on scientific, peer-reviewed published evidence, does child
At the beginning of the previous academic year, the institution announced it would drop football at the conclusion of the season. The announcement created pub
you will review current research in Personality and provide a critical evaluation of that personality research through an annotated bibliography. An annotated
In Module 5, we considered the third in our three-part series on research design. Specifically, the focus was on the longitudinal studies, in which the resear
Need help with a similar or different Task?
We have the best writers to help you. Hire Writer Now
