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Trade is considered a good thing when transacted between parties of roughly equal bargaining power and where the rules are well known. Three specific problems with trade are (1) Very different power relationships, (2) non-standard measurements, and (3) border taxes. Provide an explanation of how/why each these are problems. separate answer for each of the three items.
What is bench-marking in quality management and why is it important for management to understand?
John is walking down the street. He is carrying explosives in a paper bag. John sees a friend and goes to waive at the friend dropping the bag and causing an explosion. Mary who was 5 feet away is injured by the explosion. Explain whether each of the..
Describe the process by which freemarket pricing might stop the degradation/depletion of the resource.
Calculate the cross elasticity of demand, using the mid-point approach.
You have three options for a loan. Which one is the lowest monthly cost?
Suppose a $35,000 Japanese-manufactured car is sold to a consumer in the U.S. in the same year it is produced. This transaction would a) lead to an increase in consumption and imports for the U.S. b) count in the GDP deflator for the U.S., but not th..
Under the percentage of sales forecasting method, which of the following will impact the forecasted stockholder's equity balance at the end of next year
There are many economists that cringe at the words: oligopoly and free market together. To them, it is an oxymoron, unjust and plain down 'wrong'. Why do you believe that is the case? Isn't an oligopoly market structure 'ok' for a free market/ capita..
Applying Saint Leo’s Core Values to your analysis, describe what GDP measures and some of the limitations of GDP. What is the relationship between economic well-being and social well-being (i.e. happiness)? Can economic growth and productivity align ..
What are potential sources of entry deterrence that preserve that market power?
Revnol, a manufacturer of cosmetics, prices its popular pink lipstick at $8. On the basis of test-marketing, Revnol believes that women between the ages of 18 and 20 have an own-price elasticity of −1.5 and that 60 percent of them are likely to purch..
Describe the advantages and disadvantages of acquisitions as a means of establishing a wholly owned subsidiary. Describe the pros and cons of Greenfield Ventures.
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