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We continually hear about interest groups in the news. Understanding this, what is the relationship between interest groups and government? How does this apply to government-created interest groups? In addition, what are the effects of bureaucrats as interest groups? Do you believe this crossover between bureaucrats and interest groups to be right? Please be sure to provide specific examples in your response.(I need 2 paragraphs)
Explain why a monopolist will never produce a quantity at which the demand curve is inelastic - hint - if demand is inelastic and the firm raises its price, what happens to total revenue and total costs?
What is the effect on its foreign reserve holdings? On its money supply? Can it offset either of these effects through domestic open-market operations?
Following the recession, the rate of savings in the united states doubled. why do you think this is How do you think the increase in savings affected overall consumption? Since, on average, 70% economic activity in the United States
Retirement of baby boomers threatens the Social Security system because number of retirees will be relatively large compared to number of workers remaining by 2020
Elucidate what are the impacts of innovation and technology on the cost of production. What are the effects of technology on the various market structures.
I am planning giving a patent for a new drug. The public demand is given through: P=120-10Q, where Q is quantity of the drug and P is price. If the marginal cost of production is given by MC = 2Q,
Suppose that market for tradable emissions permits by power plants has been operating efficiently for several years. An engineering company then invents a lower cost device for pollution abatement.
nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate? B) If rGDP in Yr 1 was also $5 trillion what can you say about Yr1? C) If rGDP grew 5% between Yr. 1 and Yr. 2 what did GDP prices do?
Write a short paper on Economic growth, Inflation and Unemployment rate. Your topic can be more specific than the topics listed above. An example is "high unemployment rates for minorities in metropolitan areas."
Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization.
Critically evaluate the pattern of potentially anti-competitive activities by Microsoft towards its competitors. Do you think that the government should always try to eliminate monopoly power? Substantiate your solution with facts in the case ..
Imagine a firm that hires two types of workers – some withcomputer skills and some without. If technology advances so thatcomputers become more useful to the firm, What happens toequilibrium wages? Explain, using appropriate diagrams.
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