Anwer question

Description

Answer the following questions based upon your current knowledge of your field of study and Economics. These answers should be based upon your knowledge of your own field of study combined with the knowledge of microeconomics covered within this course. These are your opinions and should reflect thoughtful consideration of the topic. Each answer should be at least one paragraph. AHCD Pathway: 1. Who are the customers (people who write checks and pay for a service or good) of GMAIL, Facebook, twitter, and instagram? 2. How does each platform keep users from switching or leaving to a competitor?  3. Using your own usage patterns: which service would be the hardest for you to leave? Why? Business Pathway: 1. What is the cost paid by users to use services such as GMAIL, Facebook, twitter, and Instagram? 2. Choose one social media platform (Facebook, Instagram, etc…) What would have to happen for you to leave that social media platform? Education Pathway: a. Review the article here: https://heckmanequation.org/resource/invest-in-early-childhood-development-reduce-deficits-strengthen-the-economy/ b. What are the main findings of Heckman and his equation. Explain in your own words why investing in early childhood education has such a high payoff. Health Science Pathway: What are the impacts to the economy of people living much longer? Consider assisted living facilities, retirement communities, and the costs and labor needed to address these needs. IMCT Pathway: How do transportation managers decide how to expand the extent of market area? Consider product demand, transport costs, and any other costs you might consider. Public Safety Pathway: a. What is the current state of the labor market in Public Safety? b. What do you think will happen to the demand for workers in your field in the next 5-10 years? c. What knowledge, skills, and abilities are the most important to keep yourself relevant in the labor market within your chosen major? How will you keep those skills current? d. How could current events affect demand for services in Public Safety? SBSHS Pathway: Distinguish poverty from income inequality: Imagine a situation in which income for every individual within a population declines by 10%. -What is the effect on income inequality? -What is the effect on the number of people living in poverty? Imagine a situation in which many people who already have high incomes increase their incomes by even more. -What is the effect on the number of people living in poverty? -What is the effect on income inequality? What policy would you suggest to a country looking to reduce income inequality? What would the first and second order effects of such a policy include? STEM Pathway: How do economies of scale relate to the growing demand for Cloud based services like dropbox, google drive, etc… What other shifts in technology might you predict in the next 5-10 years? How will you respond to these changes? What career choices are you making to address these projections?