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Draw the prisoners dilemma payoff matrix. What are the dominant strategies in this game?
What are the advantages and disadvantages of using the Gross Domestic Product (GDP) as a measure of productivity and economic health? Explain your answers
Suppose that the U.S. economy is initially in Long Run Macroeconomic Equilibrium. An increase in the corporate income tax rate will lead the U.S. ____ curve to shift and create a(n) ____.
What economic theories are most useful when applied to the healthcare industry and why?
Based on the type of business the organisation does/is, what would be the best way to either introduce or improve its mobile Web site?
Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?
Fagilo (2000) found that legislators are more likely to mirror their constituent’s preferences during election years than in earlier years of their terms. This is particularly true for relatively inexperienced legislators. Why might this be the case?
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
Compare and contrast the two approaches of GDP computation mentioned in the textbook. Explain which approach you think is more reliable and gives more accurate estimates of GDP. Provide two examples—one of the U.S. and a second of another nation—to s..
What are the drawbacks and benefits associated with moving a business unit and corporate Headquartersto another country?
An airline loses money on one of its routes but has decided to continue to provide service. Could this decision be economically rational in the short-run? In the long-run?
Suppose, as part of an active monetary policy, the Federal Reserve sells government and other securities from its existing portfolio holdings to the banking and financial sectors and the non-bank public. Suppose also that the banking sector is fully ..
Trade/Opportunity Cost: Pat and Kris are roommates. Outside of the time they spend studying, they spend time doing some of their favorite activities: making pizza and brewing root beer. What is each roommate’s opportunity cost of making a pizza? Who ..
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