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What is the nature and strength (weak, medium, strong) of each of the five competitive forces (substitute products, buyers, new entrants, suppliers, and the rivalry among sellers in the industry.
Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in the each of the cases below. The levels are provided for 1980 and 2010, measured in constant 2005 dollars.
Refer to situation. An economist would predict that onc e price controls were abolished in the spring of 1974,A) The price of gasoline would decline sharply B) The surplus of gasoline would vanish
Describe and discuss your price elasticities for such products and discuss the movement of your demand for such a good when the price of that good rises. Share with your classmates whether your demand for the selected good is elastic, unit elastic, o..
Develop an understanding of the market structure known as perfect competition. Write a 3-4 page paper in which you describe the market structure of perfect competition in terms of number of producers, control over price by firms in this market, type ..
How are trade agreements useful to trade strategies between nations? In what ways has globalization effected trade development and strategies between nations?
What are the percentage rise in the price of food also in the price of clothing. What is the percentage rise in the CPI.
In an effort to bring inflation down they had set interest rates at 5% in 2018. How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal? (Hint: maintain plenty of decimal places.)
Dogs kept in a backyard and are barking constantantly are notorious in most city neighborhoods. Do these dogs pose a negative or positive externality? What (if anything) should the city do about these externalities?
Based on heckscher online theorem. As a labor abundant country exports the labor intensive good X and imports the capital intensive good y from a capital abundant country.
q.find true or false or uncertain and explain why?1. tfu suppose that at an initial cost of 1000 a homeowner can
Between Periods 1 and 2, Lifesavers became more expensive, and Reeses became cheaper. For a typical student, what happens to the cost of maintaining a particular standard of living between Periods 1 and 2? Now consider an individual with atypical pre..
You just won a contest and have been appointed State of CT Tax Commissioner (you might be asking, why did I enter such a contest? :)). Your primary goal is twofold: raise revenue and make the tax code more efficient. You have to decide which goods to..
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