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In the 2000 US Presidential contest, Al Gore was advised by his strategists to wait for George W. Bush to announce his vice-presidential running mate before making his own decision on a running mate. Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket? What kind of strategic situation is this?
Explain a real life situation of a company having type monopoly power that is not due to government regulation. Find the source of their monopoly power and how do they exploit it?
The US was founded on ideals of justice and equality. The Declaration of Independence proclaimed that all men are developed equal, yet individuals such as African Americans and women were not afforded this equality.
The European Union is a supranational management that has been capable to overcome tremendous national diversity consider of how different Germany, UK, Italy, Spain etc...
Suppose that, instead of a quota, Venezuela grants its import-competing producers a subsidy of $100 per TV set. In your diagram, draw the subsidy-adjusted supply schedule for Venezuelan producers. Does the subsidy result in a rise in the price of ..
Think that the following model of a small open economy, and Where X = exports, M = imports, e = the real exchange rate=50, Yf = foreign income = 2000.
The Sarbanes-Oxley Act (Financial Reporting Act) of 2002 was passed in response the problems which surfaced with the market failures of 2000-2001, which was partially caused by senior executives in publicly-held firms routinely changing their quar..
we have stressed that marriage is an institution with many economic aspects. Use your insights as an economist to explain why the consumption of marriage (as measured by age at first marriage, proportion married, and divorce rates) has been decrea..
What do these numbers tell you about the phase of the business cycle in the United States, Euro area, and Japan in 2008 What do these numbers tell us about the relative size of the natural unemployment rates in the United States, the Euro Area, an..
Determine which of the following transactions would contribute to a United States current account surplus and why?
Calculate Jill's economic profit and what makes economic profit different from accounting profit and find the profit- maximizing price and quantity in each market.
Is there fundamental political instability in your country, in the form of civil war, major insurgency or ethnic violence and is there risk of fundamental regime change, such as a shift from authoritarianism to democracy or from democracy to authori..
Applying the basic circular flow model, explain why the value of businesses' output of goods and services equals the income of households.
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