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Explain why inflation is a main concern for an economy, and examine how well inflation in Australia has been managed by the monetary authority over the last 10-15 years.
1 describe at least thee types of tangible and intagible resources and capabilities 2 which is more difficult: imitating a firm's tangible resources or its intangible resourrces 3 if a firm is successful domestically,is ti likely to be successful int..
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts.
What objectives do unions serve? Are there other, more economically efficient, methods to achieve these objectives? What might those methods be?
Explain the difference between a monopoly and an oligopoly, and a cartel and provide an example of a monopoly, an oligopoly, and a cartel.
In the model of a dominant firm, assume that the fringe supply curve is given by Q= -1 + 0.2P, where P is market price and Q is output. Demand is given by Q = 11-P.
What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?
Explain what is different between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?
Two firms face the demand equation given by P=200,000 -6(Q1 + Q2) where Q1 and Q2 are the outputs of two firms. The total cost equations for two firms are given by: TC1 = 8000Q1 and TC2 = 8000Q2.
New York, had a serious ice storm. Electric power was out in houses for many days. The demand for power generators rise dramatically, Yet the local businessmen did not increase their prices.
Explain in detail. Who are the past and present charimen. Why was the current chairman in the news recently and what did he propose?
In the short run changes in GDP can be thought of as stemming from changes in the employment rate of labour, while in the long run, changes in GDP can be thought of as stemming from changes in the labour force and/or changes in labour productivity..
Identify 4 threats caused by globalization. Explain how globalization affects the gross domestic product (GDP).Explain your thoughts on globalization in your own words (e.g., is it bad or good Why or why not Does it affect all countries).
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