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OPEC is described as a classical example of what kind of market? Why have they had success and failure? If OPEC had only two members, Saudi Arabia and Kuwait use game theory to explain how much production each would supply to the market. What does dominant strategy mean in the context of this example? Usually, the above example is a one time strategy. In the long run what will decide how much will ultimately be produced?
briefly explain why the prices of Short Term US treasury securities are still high enough to keep the interest low enough despite the fact that the US Bond rating has been downgraded from AAA status to AA+ by S&P in July, 2011.
A pharmaceutical company (player 1) introduces a new cold medicine. The medicine may either be highly effective (H) or have little effect (L). The company knows the effectiveness of the drug, but a representative consumer (player 2) knows only that..
If world prices increase, the current account balance of the importing country will improve.True / False? Explain and should high-income countries erect or maintain trade barriers against imports from low-wage countries?
A FX dealer in London normally quotes spot, 1M, 3M and 6M forward. When you ask over the phone for current quotes for YEN or USD you hear "111.43 to 51, 52 to 48, 150 to 144, 337 to 205"
Information covering the most recent thirty days are given in the following table for the value per gallon of regular gasoline at a local station.
Give some example of a good the U.S. would be considered to have a comparative advantage in producing. Why do you think the United States has this comparative advantage?
Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, has make decision to increase his business into the Czech Republic.
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest.Suppose further that the CFO expects that the (euro/$) exchange rate will increase from 1euro per $ to 1.1 euros per $ during the coming year. Should the C..
Are you for or against free trade Are you for or against NAFTA What is the economic basis for trade Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
Determine some of the technological advances in telecommunications and transportation that have impacted global business in the last decade?
Explain the relationship between the AC, MC, AR and MR curves at this long-run equilibrium position and does the diagram represent the short-run or long-run position?
Discuss and explain the process of bringing a new international bond issue to market. As an investor, what factors would you think before investing in emerging stock market of a developing nation?
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