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Classify each of the following industries or organizations as an oligopoly, a monopoly, or being monopolistically or perfectly competitive: a. Athletic shoes b. Restaurants c. Watches d. Aircraft e.Department of Motor Vehicles f.Aircraft g.Ice cream h.Electricity and utilities 3. define each market structure, then explain your categorization of these eight industries
By how much did the disposable income of rich people decrease as a result of the 2012 hike in the top marginal tax rate from 35 to 39.6 percent? Assume they have $2 trillion of gross income in the highest bracket.
What is the current state of the US economy? Define how GDP is doing in each of its components (Consumption, Investment, Government Purchases and Net Exports).
What is the equilibrium after aggregate supply changed? If potential GDP is $1 trillion, does the economy have an inflationary gap, a recessionary gap, or no output gap?
Foreign exchange markets make it possible for trade to be enacted between countries without lengthy negotiations on trade terms. The exchange rate mechanism is a relatively stable process whereby different currencies can be exchanged in an orderly ma..
Country Z is a developing country that is facing problems of deforestation.
In a new 55-and-over gated community, light poles and underground cables need to be installed. It is estimated that 25 miles of underground cabling will be needed and that each mile of cabling costs $15,000 (includes labor). A light pole is to be ins..
Explain how each of the following changes the money supply of the local economy. Discuss two limitations of the consumer price index (CPI) as a measure of the cost of living.
Explain why the general level of incomes is high in the united states also other industrially advanced.
Every week, more and more applications are available for Droid-based smartphones. How does this affect the optimal price for Droid-based smartphones? Please show the appropriate rationale modeling you use.
Eggebeen et al. (2010) found that men who at some point in their lives as fathers are more likely to have altruistic social relationships and be involved in community service organizations. The result was reported in the popular press (Jacobs 2009) a..
Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units every hour
What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?
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