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What is the cartel and what prerequisites are required for a cartel to be successful? How do these prerequisites apply to labor unions, OPEC, NCAA, AMA(American Medical Association), and the ABA(American Bar Association)? Do college accredited agencies and textbook publishers act a cartels? What market structure would act as a counter-veiling power to cartels? Please include some sources.
What would be the resulting effect on equilibrium price level? Explain. What will be the effect of the different tools of fiscal policy to stabilize the economy?
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
Lisa is choosing between three alternatives: a) working on her job that pays her 60 dollars; b) writing a term paper which she values at 40 dollars; or c) going out with a friend, which she values at 80 dollars. The opportunity cost of writing the te..
Various contemporary authors have “researched backwards” very simple foods such as salt, eggs, cod, milk, etc. to demonstrate their concerns about food production, the economy, and health in the US. In other words, these analysts have looked at how f..
q.based on market research a recording company obtains the following information about the demand and production costs
helping him to dig bait for fishing, and he also purchased five of John's mature banana trees for 30 clamshells each. What is the GDP of George and John's island in terms of clamshells
Why does the effect of a pay-as-you-go (PAYGO) public pension system on private saving depend on the reasons people have for saving? b. Summarize the conclusions discussed in class about the likely effect of the U.S. Social Security system on private..
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. Can businesses be an important cause of inflation or is it a pure monetary eff..
What explains Singapore’s economic performance from 1965 - 1992? Why did Singapore outperform most other developing countries? What role did government policies play in Singapore’s economic development? What role did contextual factors (i,e., locatio..
Which of the following statements are true about transfer payments with regard to computing GDP? Check all that apply.
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
What are the effects of capital formation by comparing the ppf,at the present time and ten years in the future,for two economies,one with a high and the other with alow rateof capital formation.
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