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1) What is a monopolist, and what is required in order for a monopolist to earn profits in the long run? How is government involved with the creation of barriers to entry?
2) What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors? What are the implications of having a large number of firms in a monopolistically competitive market?
3) Suppose that the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens to the market for autoworkers? Explain. Now, suppose that the automakers improve working conditions at the plants. What are the effects? Explain.
4) Discuss the significant laws passed since the Great Depression that affect labor-management relations. Explain.
5) Explain the three categories of balance of payments transactions.
Supply-side economics, during President Reagan’s administration, involved the supply component of the supply-demand equation. stressing the importance of tax cuts for businesses.or else.
illustrate what it implies for the relationship between labour supply and productivity growth.
What happens when supply is totally elastic or totally inelastic, and a subsidy is given by the government: Will the producer change the amount of units he’s supplying to the market? And will the price received by the producer be reduced
CONSUMPTION C =100+0.85Yd 1. explain the consumption function
understanding international macro economyyour answers should not exceed 2500 words and can be less. the questions posed
Discuss what has been the governmental efforts to address market failure such as monopoly power, externalities and public goods
Please provide the reference info. for the articles found so that I can read and understand the issues.
When you are a manager for a MNC in a foreign country do you interfere with local customs such as mistreatment of women and use of 10 year old children as child labor, or do you respect the local customs and traditions?
Several years ago, the orange growers of Florida launched a marketing campaign in which the spokesperson, while holding a can of California almonds, told viewers: "One can a week. That's all we ask."
A) Calculate the country's steady state level of output per worker. B) Now suppose k is equal to 400. Is the country at its steady-state level of output per worker, above the steady-state or below the steady state
Among which of the subsiquent policies would decrease demand-pull inflation.
What would happen to each of the following economic varibles if the government increased the money supply by 20% per year: M1, interest rates, inflation and wages What impact does increasing or decreasing the printing of money have on the economy ..
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