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Define the Say's law and give your interpretation.
Does everything have a price? Are there some things you would not do regardless of the price? (Remember: prices and money are not synonyms; prices may be non-monetary.) Economist see price as an "opportunity cost" every choice has an opportunity cost therefore a price.
In your paper discuss what are some problems with using GDP as a measure of the standard of living in a society? Specifically focus on how GDP accounts for the effects of production on the environment
Analyze any comparative advantages and international trade opportunities. Explain the factors that will affect demand, supply, and prices of that product.
A dining facility with multiple branches caters to newlywed couples only. The ambience, special live music arrangements for each couple, and privacy of the dining sections have become a rage among newlyweds. Which of the five generic strategies ha..
questions related to the articles from The Economist:- Are price controls good or bad? - What do price controls have to do with basketball?- What is the consumer surplus of the internet?
Why is the short run Aggregate supply curve have a positive slope and the long run supply curve a vertical one?
Consider cartel pricing, the price leadership model, and the kinked demand curve model. Which of these three models predicts price stability in oligopoly and which predict price instability, that is, unpredictable ups and downs in the level of pri..
How does elasticity of the underlying good affect this tradeoff - chooses the profit maximizing level of production for a monopolist, how much output will they produce?
Assume a competitive labor market. Draw the demand of labor curve for an individual firm. Assume that the firm faces a labor supply curve that is neither perfectly inelastic nor perfectly elastic.
Under Lists, click on "Global 2000 Leading Companies" to see the list of the world's largest firms. View the complete list. From the list, select two firms from two different industries and discuss the likely sources of the economies of scale that..
Explain how each of the following will affect the relative values of the dollar and the euro:
Briefly summarize the concept of transfer pricing (use a numerical example) why some analysts believe transfer pricing is a dishonest practice, what steps countries are implementing to reduce/eliminate this practice, what may happen to global trad..
Suppose that a fall in consumer spending causes a recession. a. Illustrate the changes in the economy using both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram
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