question archive 1)Describe how each of the following would affect the U
1)Describe how each of the following would affect the U
Subject:EconomicsPrice: Bought3
1)Describe how each of the following would affect the U.S. PPF: (a) an increase in the number of illegal immigrants entering the country, (b) a civil war that takes place on U.S. soil, (c) the discovery of COVID19 vaccine, (d) an increase in the unemployment rate, and (e) law that requires individuals to enter lines of work for which they are not suited.
2)The colleges or universities can raise tuition for some and not for others by "increasing" the tuition for all. Refer to Tuition Hikes at the College or University in Chapter 6. Develop the story with international student enrollment and concept of elasticity.
3)Some individuals decry the decline of the small family farm and its replacement with the huge corporate megafarm. Explain the possibilities that this shift is a consequence of economies of scale?
