Current economic regulations and processes

Reference no: EM1375724

1. Explain how a item might evolve from one market structure to another and what that means as to the value, competition and number for firms producing that product.

2. Are there any lessons from microeconomics that could be applied to revisiting our current economic regulations and processes that could have mitigated the major recession the U.S. is now in?

3. Do you believe Americans in general are knowledgeable enough about economics? Why or why not?

Reference no: EM1375724

Questions Cloud

Distinguish oligopoly from monopolistic competition : Describe how price regulation may improve the performance of monopolies. In your answer distinguish between socially optimal pricing and fair return pricing.

Portion of the marginal cost curve : Suppose labor costs are 17.5 percent of revenue per vehicle for General Motors. In union negotiations during the late 1990s, GM attempted to cut its workforce to rise productivity.

Insurance companies in oligopolies : Do workers of monopolies get paid more compared to employees who do the similar work in other industries that are not monopolies?

Question about money supply and interest rates : Determine what happens to the money supply, interest rates, and economy in general if Federal Reserve is a net seller of government bonds?

Current economic regulations and processes : Explain how a item might evolve from one market structure to another and what that means as to the value, competition and number for companies producing that product.

Marginal decision making principle : Provide specific example of how you used the marginal decision making principle to choose between two alternatives.

Define natural monopoly : Define a natural monopoly and what has happened to natural monopolies in recent years? Describe. Under which market structure does your type of business fall?

Question about price elasticity of demand : If the demand for corn rise due to its use as an alternative energy source, what will happen to supply of corn's substitute such as soybean?

Explanayion of business cycles : The United States is currently recovering from its bad recession in over twenty-five years. Using the resource provided in this and earlier modules of course describe what factors

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