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What do economists mean when they say that "price floors and ceilings stifle the rationing function of prices and distort resource allocation"? Use the ideas of consumer surplus and producer surplus to explain why economists say competitive markets are efficient. Why are below-or above-equilibrium levels of output inefficient, according to these two sets of ideas?
As the United States economy moves out of a recession, U.S. financial investors increase their purchases of stocks that are expected to earn a higher rate of return than they are currently earning on their savings account deposits.
Determine the point price and income elasticity’s for household furniture. b. What interpretation would you give to the exponent for R?
If countries can benefit by increasing their consumption possibilities through trade, why do so many countries place restrictions on trade?
Illustrate what conclusions can you draw about the similarities and differences between the EU and globalization.
If there are 12 identical firms in this industry and the market demand curve is given by QD = 360 - 2P, what is the short-run equilibrium price?
Determined by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembled.
Calculate the expected utility of each project according to this criterion. Is this individual risk adverse, risk neutral, or risk seeking? Why?
If this economy were an open economy with a flexible exchange rate, would the usual crowding out forces be supplemented or offset by forces from the international sector
Histories of the following MNEs/industries, from their beginings to the present day, such Fedex, Amazon, NYSE (New York Stock Exchange), Pharamaceutical Industry, General Electiric, Lenovo. Compare and contrast the history of at least two of these..
Management predicts that if the strike is successful the cost of worker will increase to $100 per day.
What effect wills an increase in interest rates have on supply and/or demand of unskilled labour. Would wage rates increase or decrease.
Now assume a 7% real discount rate. What would the present discounted value of the project be? Should the project still be approved under this discount rate?
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