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Some charge that the Crisis of 2008 was caused by the "greed" of Wall Street firms and other bankers. Do you agree with this view? Do you think there was more greed on Wall Street in the first five years of this century than during the 1980's and 1990's? Why or why not?
you start an insurance company as your first entrepreneurial venture after graduation. your main product line is
how successful a company is at exploiting emerging opportunities and dealing with associated threats depends on
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees?
assume that from the initial consumer equilibrium position price of good x falls while price of good y remains the
Discuss why a monopolist should lower its quantity relative to the perfectly competitive market to maximize profits. Make sure to elaborate employ examples.
Given the accelerationist Phillips curve = - 0.3 (U - 6) + , suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is ________.If expectations about inflat..
in 2-3 pages summarize the differences between tax financing and bond financing and thinking like an economist and not
what was an example of the significant run-up in oil prices from 2005-2010. an aggregate demand shock that increased the price level and increased the rate of growth of real GDP.
To maximize profits, a perfectly competitive firm should produce until: price is greater than average total cost.marginal cost is equal to price. average total cost is minimized. per unit profits are maximized.
What are two ways for a competitive firm to determine the optimal level of production, that is, the level of production that will maximize profit or minimize losses?
Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $200 per month.
Suppose the government decides to place a tax on competitive business profits that would cause businesses to decrease output and generate a deadweight loss. Revenues from the tax would be redsitributed to low-income individuals. The decision to le..
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