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A steel manufacturer purchases an iron ore mine and a coal mine. This is an example of: a. vertical integration b. horizontal integration c. conglomerate merger d. double marginalization e. business liquidation
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
Suppose there are only 2 nations, Atlantis and Pacifica, and only two goods, surfboards and kayaks. If Atlantis produces only surfboards, it can make 50 per day. If Atlantis produces only kayaks, it can make 75 per day. If Pacifica produces only surf..
Some economists and policymakers argue in favor of replacing the current income tax in the USA with consumption tax. What are your opinions on the issue? How do think such change impacts your income and expenditure pattern? Which tax methods do you p..
Select any two of the four basic strategies used to preserve security. Identify and describe what assumptions are made about the opponent according to each of the two strategies you chose; provide examples
What could be the full increase in real GDP from the change in government spending assuming that the aggregate supply curve is horizontal across the range of GDP being considered.
Consider a market characterized by the following demand and supply curves: Qd = 1600- 20p and Qs = - 900 + 30p. Calculate the change in producer's surplus. Calculate the deadweight loss of the price ceiling.
Illustrate what are the factors that affect the supply and demand of the good or service. Who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.
According to efficient market? theory, which of the following can best predict the stock price of a particular company? tomorrow?
In a world of completely selfish individuals, if we could measure each person's marginal value for his or her own medical care, what conditions must be met in order for the healthcare market to be at an optimal level of output?
What decisions related to expatriates can organizations take to maximize the benefits to the company despite the ongoing economic recession? Do you think a company that paid more careful attention to selection could further boost their chances of suc..
Gatekeeper models of MCOs require patients to see a primary care doctor before going to see a specialist. What two key economic principles would be involved in a successful gatekeeper program?
What assumptions do you make answering this question. Elucidate distortions do you think would appear in the economy if such a tax were introduced.
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