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Cartels are a form of anti-cooperative activity. Detecting cartels and taking action against their members is one of the top enforcement priorities under national competition legislation. Critically examine the factors that may facilitate the establishment, operation and detection of cartels. Use case studies material to support your answer.
Robin and Terry are Stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fishes or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.
What was the growth rate of nominal GDP between 1999 and 2000? (Note the growth rate is the percentage change from one period to the next).
Use aggregate demand (AD) and aggregate supply (AS) model in which the short run aggregate supply curve slopes upwards to illustrate the equilibrium level of real GDP and prices if the economy is operating:
What is the profit-maximizing price to charge a Texan for a car wash? What is the profit-maximizing price to charge a Californian for a car wash?
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
Show the effect of moving to a consumption tax on the loan able funds market if people react favourably to the incentive to save. Choose which curve or curves you believe are affected.
Article may originate from the internet however please provide the link to the particular article you are reviewing.
Write down the relationship between savings, capital formation, and consumption.
Use both an individual's indifference curve and budget line, and the aggregate labor supply curve to explain and illustrate your answer.
Assume that a price support system for cotton requires the federal government to pay farmers $3,000 for each acre to not plant cotton. How would you shift either the supply or demand curve for cotton to describe the effect of this action? In your a..
What distinguishes money from other assets in the economy? What are demand deposits, and why should they be included in the stock of money?
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