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Some economists suggest that the increase in e-commerce within the business-to-business (B2B) market will lead to greater competition and more goods and services becoming commodities, meaning they will compete solely on price. How do you think this competition is likely to affect buyers within the B2B market? how would it affect sellers?
explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run
What is the effective borrowing rate on this home mortgage loan?
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
How are the forecasts likely to be inaccurate? What do you think is driving inaccuracy? How might this problem be solved?
Provide all these factors that affect supply, is the long-run supply for apples likely to become more elastic or more inelastic than the short-run supply.
Using marketplace equilibrium why do baseball players also CEOs make more money than your lowly Economics instructor.
you know that one senator on the Environmental Subcommittee will ask you to justify why the firm should not be charged a per-unit tax on the firm†TM s output to compensate for the pollution it discharges into a major river.
How does the real wage rate at point c compare with the real wage rate at point a. How do nominal wage rates compare at those two points.
Calculate the marginal physical product of labor at each quantity of labor
President Bill Clinton assigned his wife to task of developing a national health insurance plan to increase availability of medical care for poor. How would one determine opportunity cost of proposal.
The 3 tools for conducing monetary policy are changing reserve requirements, changing the discount rate, and open market operations. Elucidate how each of these tools works.
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
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