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1. Identify the three types of unions. Select one and explain how it is able to increase worker wages.
2. What determines the economic rent for land? Explain from a supply and demand perspective.
3. What factors might cause the interest rates to differ? Explain.
4. How will the market demand curve for a public good differ from the market demand curve for a private good?
5. Cite three important reasons why nations trade.
6. Define the four basic types of trade barriers.
7. What are the major components of the current account in the balance of payments? How is the current account balance determined?
8. What are the basic purposes of antitrust policy?
Consider the effects of a new matter transmitter,an indivisible input that is economical for trading firms in the city, but not for an individual household. The volume of trade in the region will [increase; decrease; not change]
mutual fundsa take in deposits from savers and make direct loans to borrowers.b provide another source for borrowers to
a recent flood in the midwest has destroyed much of the farmland that lies in fertile regions near the rivers. describe
assume that two companies c and d are duopolists that produce identical products. demand for the products is given by
to provide access to medical care to Kaiser workers in remote locations where medical services were in short supply,to slow the rate of growth in medical spending for Kaiser employees, as a group model HMO
The widget industry in Springfield is competitive, with numerous buyers and sellers. Consumers don't differentiate among the various brands of widgets (no product differentiation). The industry demand curve is given by: Qd = 998 - 5Pw + 4 Y - 6Pg
draw the cheese market for the united states showing the world price as the price for this market. how much cheese does
Two niches in the market for electronic sensors,
higher interest rates have an impact on the value of the dollar. what is the effect and how does this relate to foreign
Assume the market for wooden toothpicks is competitive. Earlier this week, in a nationally published study, 4 out of 5 dentists enthusiastically endorsed the benefits of toothpicking for dental health
think of two examples of pure monopoly in the real world-one of a public good and one of a private good. then with
1. which of the following will ceteris paribus will cause an increase in the supply of whole wheat cereal?a.
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