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1. The main purpose of antitrust policy is to:
make sure that markets remain competitive.
control negative externalities.
help make information easily obtainable for producers and consumers.
All of the statements associated with this question are correct.
2. A "winner-takes-all market" like that for entertainers exhibits huge differences between the top talents and the next tier of artists in all of the following aspects, except:
Talent
Media hype
Marginal revenue product
Earnings
Welfare Economics: main economic goals of a political-economic system are to promote efficiency (static and dynamic), equity, and macroeconomic stability. Under what conditions will a free market meet these goals? Identify a violation of these condit..
Choose the 10-year period of history between 1950 and today that you are going to research. What is it about this period of history that interests you? What are some major economic events that took place during this period?
Industries in the US also Europe can produce only two goods, cars also wheat. For given resources also technological how. Industries in the US can produce 1000 tons of wheat if no cars are produced.
What can be said about the benefits and problems of each dimension (economic, cultural, political and environmental) of globalization? Is globalization a positive force overall?
Popular movements like "buy/shop local" seem to contradict the principle of specialization according to comparative advantage. How does the theory of comparative advantage influence your opinion on these movements and why?
Suppose that the government decides to impose a tax on the producers of potato chips. How will the tax affect the potato chips prices and the quantities sold? Explain using demand and supply curves.
If the Fed simultaneously raises the discount rate and the reserve requirement, the money supply will:
There are n identical firms that produce microprocessor chips. Market demand is P = 1500 − Q and the cost to produce each chip is $300. Find the Cournot Equilibrium output by each firm, and the market price. How much profit does the merged firm make?..
Baby boomers can save up to $25,000 per year in a 401k account. If Eileen's starting balance at age 53 is $220,000 and she saves the full amount available to her, how much money will she have saved when she is 65 years old (after 12 years of saving)?..
Flawed reasoning. Identify the flaw in reasoning in the following scenarios. Explain what the individuals in the study should have done differently if they wanted to make such strong conclusions. Based on these results, the school officials conclude ..
Write the regression equation. 2. Interpret the regression constant and regression coefficient, 3. Forecast a value for the dependent variable,4. Test the significant of the regression coefficient at an alpha level of .05, 5.Test the overall signific..
Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
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