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For the world's market economies, ________ over the past 50 years. a. international lending has declined gradually b. foreign investment has increased significantly c. exports and imports as a share of national output have remained virtually the same d. economic interdependence has decreased substantially
Can goals like avoiding unethical or illegal behavior be in conflict with the goal of the firm. Explain how does this complicate the agency problem.
Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? Provide specific examples to support your answers. Does a competitive firm’s price equal the minimum of the average total cost in the short run, in th..
In the absence of taxes, Carlos would prefer to purchase a large fishing boat with a 75 hp motor. The government has recently decided to place a tax on boats with 75 hp motors or higher. Carlos is worse off, and his loss of welfare is part of the dea..
How can we measure the opportunity cost of producing a good? Using a bowed outward production possibilities curve between ice cream and hammers, identify graphically the opportunity cost of obtaining an additional hammer. Does economic growth elimina..
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
Consider how the economy may be influencing your life. What has the most impact on you? Has a similar economic condition happened in the past? What is the likelihood it could happen again? What should you do to prepare for the next period of economic..
Jim Dandy had a very? short, but? illustrous, football career. The best news is that he thought about saving some of his earnings. Jim was able to save ?$22,750 each year during his seven-year ?career, with his first deposit made at age 20. Jim place..
Is the output produced sufficient to cover the factors of production when production is under: i) constant returns to scale (CRTS), ii) increasing returns to scale (IRTS) and iii) decreasing returns to scale (DRTS)?
Explain the events below using supply and demand. At a restaurant that does not take reservations, people arriving at 7:30 normally have to wait for an hour, but some people arriving at that time give money to the hostess and are promptly seated.
Derive the monopoly output for period A, disregarding production in period B. What kind of equilibrium in terms of top dogs, etc. is this?
What are the main causes of international financial crises? How can they be resolved? How can they be prevented?
Market demand for laptop computers is y = 500 - 2p. But the computers are developed by a hardware firm with a cost function c(y) = 10y + 100, & the operating system is developed by a software firm with a cost function of c(y) = 150. Calculate the opt..
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