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Temporary monopoly
Name some areas of business in the US (or world) where the prevailing market structures have changed dramatically in the past twenty years and discuss the direction of the change and why (e.g. decreasing govt legislation leading to more monopolistic competition or new technologies leading to a temporary monopoly).
Assume that a price support system for cotton requires the federal government to pay farmers $3,000 for each acre to not plant cotton. How would you shift either the supply or demand curve for cotton to describe the effect of this action? In your a..
The winners of the Nobel Prize in economic science were recently announced-who were they? For what contribution to our understanding of economics were they recognized?
Discuss the likely sources of the economies of scale that underlie the large size of these firms. [Note: the stocks of private firms are not traded on public stock exchanges
John is willing to purchase 7 computers. This scenario displays the law of demand. Do you agree or disagree.
Describe departmental cost driver rates depends on direct labor hours for assembly also machine hours for cutting.
Discuss three automatic expenditures in the federal budget. What is the difference between discretionary fiscal policy and automatic stabilizers?
Explain how would each economist explain unemployment and what policies would each advocate.
Elucidate the nature of Keynesian tax cuts under Kennedy and Supply-Side tax cuts under Reagan.
Using the IS/LM model, demonstrate the effect of each of the following changes.
Explain how many years would it take to reduce the unemployment rate by 3 percentage points, assuming that the current GDP growth rate will continue into the future.
In light of the theory of comparative pros are any restrictions on free international trade advantageous
The following information describes a hypothetical economy (assume all numbers are in billion if necessary) Determine the value of the MPC of this economy?
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