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A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular, collegiate and professional sports teams have been given legal authority to cooperate to limit competition (in business, not in athletic competition). Many other industries would like similar permission but most firms are not allowed to legally cooperate to restrain competition. Does there seem to be a public interest in the special permission for the athletic industry or does this appear to be a case of unfair advantage at the expense of consumers?
Enron executives were charged with numerous counts of corporate fraud and corruption. Among the charges was "insider trading", which involves the trading of a corporation's stock by insiders who may have access to information that the public does ..
Explain what happens in each graph (A, B, and C) when an economy is moving from a recession (point a) back to full employment.
Some economists did a study of market for economists in Britain. They discover that the quantity demanded was about 150 per year, and that the quantity supplied was about three hundred per year
What is demand elasticity in the $35 - $50 price range? Is demand elastic, inelastic, or of unitary elasticity Calculate the value and show all of your work. Be sure to use the midpoint equation to determine elasticity. Assume demand elasticity ..
What monetary policies do you think caused the crisis - What were the effects of the policies implemented in reaction to the crisis?
Illustrate what is the present rate of unemployment and the current rate of inflation
In the model of a dominant company, assume that the fringe supply curve is given through Q = -1 + 0.2P, where P is market price and Q is output. Demand is given by Q = 11 - P.
Explain how international trade has altered the U. S. domestic manufacturing base. How has it made it more or less competitive?
Explain how bank losses from mortgage backed securities could lead to an investment bank becoming insolvent and going bankrupt. Your explanation should use a somewhat realistic T-Account
What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
The economy of the country of Upland is still recovering from a severe recession and still has an unemployment rate close to 9%. Assume that the government's only concern is to achieve full employment. 1. What type of fiscal policy would you rec..
The percentage changes in quantity demanded divided by the percentage change in price.
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