AT Micro/Macro Economics

1. Give several examples of the Relativity of Truth. How do you avoid leading the life of a Boxster? 2. What is arbitrary coherence? How  does this idea clash with the traditional view of economic decision-making? How do you overcome arbitrary coherence? 3. Explain the different kinds of elasticities? Why is elasticity such an important concept if you are running a business? 4. Explain the four factors that affect elasticity. 5. Explain the luxury boat example. What did you learn about taxation from this example?

https://www.realclearpolitics.com/2017/09/27/how_big_banks_became_our_masters_422105.html

https://www.cnbc.com/2017/09/25/target-to-raise-its-hourly-minimum-wage.htmlhttps://www.cnbc.com/2017/09/25/target-to-raise-its-hourly-minimum-wage.html

https://www.wsj.com/articles/how-apples-pricey-new-iphone-x-tests-economic-theory-1505660400

https://www.wsj.com/articles/frankfurt-motor-show-2017-breaking-up-with-diesel-is-hard-to-do-1506106217

GUNS VERSUS BUTTER

Directions: questions 1 and 6 are required and you must write on two others as well. 1. Please give me a 360 degree assessment of the Amazon Way. What's good about it and what are its downsides? 2. Please explain three examples in Wheelan's introduction where economic literacy helps you reach a better understanding of the problem. 3. Who feeds Paris and why is it important to know the answer to this question? 4. Cite several examples of why it is important that each of us be allowed to follow our own preferences. 5. What is the difference between a socialist and capitalist system? In what setting is each best suited? 6. Explain all of the key economic concepts that the Production Possibility  Curve represents than draw a graph that reflects the value of trading. 

https://www.nytimes.com/2017/07/31/business/media/amazon-advertising.html?mcubz=3