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1. Am entry barrier exists when firms in an industry charge the lowest price possible for their products? True or False
2. National football league has a long-term leases with the stadiums in major cities. Control of these stadiums is an entry barrier to a potential new football league? True or false?
3. The Supply curve of a uniquely talented actor or superstar athlete will be perfectly inelastic? True or false?
4. Competition from substitute goods is more of a treat when switching costs are high? True or False?
5. A monopolistically competitive firm can convince buyers that its product has value by differentiating its product to suit consumers preferences? True or false
6. A Firm might prefer a commission system of compensation when the nature of the work is repetitive and monotonous and can be performed by an individual? true or false?
7. In a sequential game, one firm will act first and then other firms will reposed? True or false?
What is the general relationship between money and inflation? Why are economists interested in understanding inflation - What is the relationship between money and the interest rate? How does monetary policy potentially affect interest rates?
Graphically illustrate the impact of a change in immigration policy that causes a huge outflow of workers to other countries, ceteris paribus.
Green sister has a dso of twenty days. The firm average daily sales are $20,000. What is the level of its accounts receivable? Suppose there are 365 days in a year.
What is the Consumer Price Index (CPI)? How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.
Illustrate what is the nature of this trouble. How did this trouble come about? In what ways will this trouble impact the US economy.
Explain why a monopolist can increase profits by practising price discrimination compared with using a single price to maximize profits? What are the different kinds of price discrimination?
1. when commercial banks use excess reserves to buy government securities from the publica. commercial bank reserves
The first payment must be made in 30 days. What is the nominal annual interest rate the bank is receiving?
The inverse market demand curve is P=140-Q, and inverse supply curve is P=20+Q. Suppose that the market is competitive,
Suppose the economy is initially operating at Yn. Now suppose the Fed conducts a monetary contraction where Ms decreases. Using AS and AD, and IS-LM graphs, illustrate the initial equilibrium, and medium run equilibrium. 1. What are the initi..
"Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline.
What happens to the demand for pizza if the price of that product decreases? What happens to the supply of tomatoes if the wages of tomato pickers increase?
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