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How has globalization influenced recent U.S. foreign policy? Do you think the American response to globalization has had a positive or negative effect on foreign relations?
Wheelan (in Naked Economics) states that "the problem with Asian sweatshops is that there are not enough of them." How is Wheelan's statement illustrative of the concept that every market transaction makes all parties better off?
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
Fran who is in the 35% tax bracket, recently collected $100,000 on a life insurance policy she carried for her father. She currently owes $120,000 on her personal residence and $120,000 on business property. What would be the tax consequences of each..
What would be price and profit levels would prevail based on the assumption that a new entry into the local market results in competitive market pricing.
Linda made a deposit of $400 in her savings account 5 years ago. in the first year her account was earning 6%, but she did not deposit any money. in the second year her interest increased to 8%, when linda knew about the increase she deposited C amou..
Explain how might spending of Asians on American goods be affected. What about Americans who have invested in these countries.
Consider a project that will bring in upfront cash inflows for the first two years but require paying some money to close the project in the third year.
Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition?
Looking at both the schedules of supply and demand, as well as the graph of the demand and supply curve for Maine Lobsters, what is the equilibrium price of lobsters and equilibrium quantity of lobsters demanded and supplied at that price?
Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise?
Ilustrate what is the market price and level of each firm's output in the short run. How much profit does each firm make.
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