3 Discussion Board Post
Discussion Post #1 No less than 250 words
Read the Explore and Apply 2.5 “Guns and Butter – Victory from a Strong Economy”, pp. 43-46 in the textbook. Then answer the following questions:
1) While it clearly helped the United States in World War II and in the Cold War against communism, does a strong economy do any good in battling terrorism?
2) Describe ways in which the U.S. government attempts to be efficient in how it spends money militarily: Give an example in which spending might be inefficient and explain why that might happen.
Discussion Post #2 No less than 250 words
What are the factors that impact the demand for iPads? How would you characterize the price elasticity of demand for iPads? What are the factors impacting the price elasticity of demand for iPads?
Discussion Post #3 no less than 250 words
What would be a situation in your personal or professional life in which you use or could use marginal analysis to make a decision? How do you determine the marginal benefit and marginal cost of the decision? You should illustrate your answer with a numerical example. Why do economists believe that managers should use marginal analysis to make optimal business decisions?
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