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1. Explain the advantages of specialization and trade in international economics.
2. Explain how economic growth and international trade increase consumption possibilities.
Explain why might it be appropriate for the government to allow a pharmaceutical company to have a monopoly in the production of a drug.
Illustrate what is the difference between the firm's short-run supply curve and its long-run supply curve? Make up an actual example to explain your answer.
Explain how wages are related to opportunity costs, both from an employee and employer perspective.
In Illustrate what way do competitive markets have a "natural remedy" for discriminatory hiring practices.
List and describe the firms in the Industry. Describe the product, production methods, scale of production, and sources for raw materials. What technologies are used?
Whay Tara is leaving her current job, which pays € 56,000 per year, to start a new company that manufactures a line of special pens for personal digital assistants.
Which of the following events may increase labor supply? Check all that apply.
Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence..
List out the distinct characteristics of a perfectly competitive labor market and compare them to the characteristics of monopsony.
The rate cut was made because European nations were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy.
Describe perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings.
q. a business employing 8 workers to produce commemorative t-shirts for campus events organizations. they are currently
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