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Scottish political economist Adam Smith didn't trust situations where the people who provide the money for a business don't actually manage the company. In The Wealth of Nations, he observed that such managers don't watch over the investment with the same anxious vigilance with which the partners in a private [company] frequently watch over their own. How do corporations attempt to protect the interests of stockholders? Do you think that those safeguards are effective?
Analyze the economic impact of current approaches to controlling air pollution to determine which approach is the most effective. Provide support for your rationale.
Decide whether the demand for paint is elastic, unitary elastic or inelastic. Explain you're reasoning also interpret your results.
Find out and read two articles about a recent controversial issue involving either the Federal or state government and eminent domain.
A firm sells its product in a perfectly competitive market where or firms charge a price of $80 per unit. Illustrate what price should firm charge in short run.
If the price of A rises to 4 while other prices and Daniel's budget remain unchanged, how much or each does he purchase in equilibrium?
Compare also contrasts the continuous current account deficits of the U.S. with the continuous current account surpluses of Japan.
Case Study - Technology and Economic Change and what are the causes of economic growth in potential output in the long-term? Apply the theory to illustrate and explain your answer with an example.
We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.
Is there any range of production characterized by scale of economies. At Illustrate what production level are scale economies exhausted.
Illustrate what is the four industry concentration ratio of the hamburger organization in this town.
Illustrate what was impact on supply and demand of labour on one sector of labour market. Elucidate factors that affected labour demand and labour supply in chosen historical example.
Elucidate why these companies oppose laws allowing reimportation of drugs to the United States.
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