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How does the proliferation of global trade and competition contribute to markets moving away more from market possessing power to more perfect competition?
If my comapny operates in a competitive market and competes with many other domestic and foreign firms.
Public goods can be produced by either the government or the private sector. Private goods can be produced in either sector as well. The problem is that the market tends to underproduce public goods and overproduce private goods.
In your own words, discuss the economic purpose of OPEC. Illustrate what has happened to oil prices over the past five years.
If a guy live in two period, the wage for first period is $8, and the wage for second period is $10, Should he work more hours in the second period than in the first period?
Elucidate economists use two major approaches to estimate incremental environmental costs. Which in your view likely produces the most reliable estimates.
Find the marginal utility functions of the following utility functions: Plot the marginal utility functions. Indicate which of these functions appear to exhibit diminishing, constant or increasing marginal utility? 1. u(x,y) = 3x + 2y
Discuss adjustment process using AD AS analysis that will ensure that the economy will return to full employment.
Suppose that there is an "inflation scare," that is, suppose market participants increase their expectations of future inflation.
"Loans are just like used cars. If you see an ad in the paper for a used care, you have to wonder , why is the owner selling it? Mayber there is something wrong with the care that is hared to see. As a result, when you approach the seller, you wil..
Illustrate what technology is used to catch them. What's wrong with America's economy, and is America's economic problem short term or long term.
In view of the current events in the Business World (unemployment, stock market down, businesses closings, and declaring bankruptcy) what nonprogrammed decisions need to be made by the public and Businesses?
If college education generates a positive externality, show graphically the social loss associated with the private market outcome of college education. Are there any interventions that would be useful to address the externality
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