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What exactly is up for debate in “The First Globalization Debate,” in which Goodwin explores competing ideas in Defoe’s Robinson Crusoe and Swift’s Gulliver’s Travels?
Briefly explain the economic logic underlying arguments for a globally integrated economy, where integration refers broadly to the global production and consumption of commodities.
List and explain two critiques of the economic logic - the theory - underlying arguments for a globally integrated economy.
List and explain two critiques of the actually-existing “globally integrated economy,” linking one critique to Made in India and the other critique to Mardi Gras Made in China.
We have done a fantastic job getting a basic understanding of unemployment. Let's take a look at some additional ideas on unemployment. The text gives us various "types of unemployment" beginning on page 411. What types of unemployment does the text ..
Which of the government policies below is not likely to encourage per capita economic growth.
q. suppose a government has no debt and a balanced budget. suddenly it decides to spend 1 trillion while raising only
An oligopoist is correctly charging a price of $100 and is selling 400 units of output per day. If the firm increases price above $100, the demand curve is P=110 - 0.025Q. If the firm reduces price below $100, the demand curve becomes P=140 - 0.1Q. I..
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
Determine whether the following production functions have Constant, Decreasing or Increasing Returns to Scale (a formal proof is required).
Suppose a monopolist produces at constant marginal cost and is able to discriminate between two groups of consumers. The demand in each group is linear. Would the monopolist discriminate (charge different prices to the two groups) if the slope of eac..
Examine KANO Analysis of customer requirements also come up with some questions (also answers) concerning it.
Suppose that government wishes to affect the level of aggregate demand in the economy. All of the following, except one, are consistent policy measures. Which is the exception?
Assume in this market all apartments are identical, so there is only one equilibrium rent. Show the rent as $800 per month.
Monopolistically competitive industries differ from monopolies in that monopolistically competitive industries:
Assume that each firm is free to set its production level, but each firm can communicate (via the business press) what they plan to do first. Using an economic model, show that it might be difficult to sustain a cooperative (high-profit) outcome. Wha..
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