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An economist uses both quantitative and qualitative data to justify their decisions. Modern economics, neoclassical economics in particular, often relies on probability. Review this article for more information on the connection between probability and economics.
Do you think that probability should always be used when making economic decisions or forecasting? Or do you think there are some instances where economic changes are based on sheer luck? Be sure to use examples to justify your conclusions with examples.
When responding to your classmates' posts, discuss whether or not you agree with your classmates. In a general sense, can probability always be a reliable source for business decision-making?
List three strategies that can be used by firms to enhance profits in an environment of extreme price competition.
Which of the following is considered a capital inflow? A country experiencing a current account surplus: A deficit in the overall balance of payments of a nation generally is an indication that: A country's demand for foreign currency is derived fro..
Calculate the present worth of the following geometric series cash flow: Annual interest Rate =8.19 %, Annual cash flow increases 21% each year, The first year value is $85 and the series is 8 yrs long.
charm city mining company owns two mines each of which produces three grades of ore- high medium and low. the company
Thirty years ago, the market for chicken was perfectly competitive. Then, Frank Perdue started marketing chicken under his own name.
the market for social games on facebook is perfectly competitive. the demand curve for games published is given by
the state of california recently considered passing a tax on the services of doctors in that state in order to raise
the irony is that those who are aware of the pareto principle do not use it as often as they should in making
1. provide an example of each of the factors of production and how the government may alter the factor to expand the
An industry said to be characterized by monopolistic competition is the apparel industry. Suppose you were hired as a consultant by a firm in this industry. How would advise the firm as to the levels of output
How is the U.S. budget deficit related to the foreign trade deficit - What's wrong with this argument? Are there ever any reasons to support such trade restrictions?
What was the overall strategic vision - Did this make sense given the people, processes, and product and what about the location, customers, supply chains, etc. Did they fit with the strategic vision?
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