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Given the rise of mega-corporations such as Google, Amazon, Facebook and Glaxico-Cline-Smith, just to name a few, markets are becoming least competitive since the Guilded Age of the Robber Barons. Why might this not be economically desirable? As markets become more concentrated, what can consumers expect to happen to the price and quantities of goods and services purchased from these mega-corporations? Why?
Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker and that a college economics student asks you to rank.
For each of the next 7 years, he received total dividends of $50 per year. For the remaining period, he received total dividends of $100 per year. What rate of return did he make on the investment?
Which of the following does not cause the IS curve to shift up and to the right? (NRR)
When economists attempt to predict the spending patterns of U.S. households, they will typically view the ____________ as a primary determining factor that influences the individual consumption choices that each will make.
If the demand for a good increase at the same time as the supply of the same good decrease, what will happen to the equilibrium price and quantity of the good? Please draw a graph to go with your answer.
Suppose that the demand in a particular industry is given by Qd = 100 – 2P. When the market price in the industry is $10 per unit, what is the total quantity demanded in the industry? If you assume that each of the four largest firms in the industry ..
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function.
Cookie Monster consumes Ores (good 2, price p2) and homemade chocolate chip cookies that he buys from his mom (good 1, price p1). His utility function is u(x1, x2)=ln(x1+x2)+x1. A back-story for these preferences might be that he cares about total ca..
From research what proportion of adolescents actually reach the formal operational stage? What are some of the effects of early maturation for boys and girls? The age of first menstruation has been increasing or decreasing in the last century? Discus..
Companies use what to forms to raise funds? Provide examples of each Companies use what to forms to raise funds? Provide examples of each
Adam Smith favours a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How?
You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee unanimously votes to increase the money supply using open market operations (OMOs). During the press conference after the meeting a repo..
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