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As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory.
Identify the fundamental lessons the Ten Principles of Economics teach about:
Explain the following to help the committee members understand how markets work:
Format consistent with APA guidelines.
Illustrate what are the arguments in favor of trade restrictions, and what are the counterarguments. According to most economists, do any of these arguments really justify trade restrictions.
What are the main reasons why countries trade? Are there winners and losers with free trade and export? What is the effect of trade on the unemployment rate in the United States? Please provide concrete example. Write your initial response in four..
Derive the market demand curves for each individual and the market demand curve for Privet Drive. Suppose the market supply for Harry Potter books in Privet Drive is given by Qs =5 + P. Find the equilibrium price and quantity. How much does each co..
the table shows the demand schedule for two consumers of lemonade eli and molly. assume that these are the only two
Define JFK's doctrine and summarize the regional or global events during the Cold War leading up to the formation of JFK's doctrine describe the Cold War relationship that existed between Cuba and the U.S. before the JFK's doctrine was announced.
a. Prepare the 2016 journal entries, required by the equity method, on Parent's books. b. Prepare the consolidation entries for 2016.
In a 2009 Newsweek article, The 50 Most Powerful People List, there are 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world. Read the following article on the "Economic Triumvirate": Downloadable pdf version: The Glo..
Demonstrate each of the following events by a production possibility frontier graph, and examine what the effects of it were on economic growth;
Suppose that it is known that labor receives 25% of national income. With a Cobb-Douglas production function and an initial level of real GDP of $10,000, what happens to real GDP if both capital and labor double?
As an employee of the World Bank, you have been asked to research 1 economic concern in an Asian country and write a report on your findings.
Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession. Unemployment is at 13 percent and inflation is relatively low. Your goal is to avoid an ..
What is the marginal physical product of the fifth worker? What is the weekly wage of the fifth worker? What does the price of output need to be in order for the firm to profit from hiring the fifth worker?
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