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Question: Wikipedia: The European Union is a geo-political entity covering a large portion of the European continent. It is founded upon numerous treaties and has undergone expansions that have taken it from 6 member states to 27, a majority of states in Europe. On 1 November 1993, under the third Delors Commission, the Maastricht Treaty became effective, creating the European Union with its pillar system, including foreign and home affairs alongside the European Community.
Despite a recent improvement in EU growth (last year GDP growth was 2.9%) there are concerns over fundamental problems with the EU economy. What do you think are these fundamental problems with the EU? What is the future of the EU?
Which of the following is true for a market with no externalities under perfect competition? A market has a demand curve described by P=60-3Q and a supply curve described by P=20+2Q. Calculate Consumer Surplus. A market has a demand curve described b..
Prince Sports wants to exploit a favorable trend-the dramatic growth in tennis participation. For example, a recent study by the Sporting Good Manufacturers Association notes that tennis participation in the U.S. was up 43 percent from 2000 to 200..
Reconsider Hugh Liedtke's decision as diagrammed in Figure 4.2. Note that three strategies are possible: accept $2 billion.
3.Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. a.The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. b.The lon..
What value of q will be determined in equilibrium-say, in the model in which the leader's cost advantage in R&D is sufficiently great to neglect the potential research of outsiders?
Consider a supplier of agricultural equipment who is deciding how much of two products should be produced by his firm. You determine what the two products are.
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which..
Ben allocates his lunch budget between two goods, pizza and burritos. Illustrate Ben's optimal bundle on a graph with pizza on the horizontal axis.
Briefly summarize and describe how the economic theories and principles you have studied in this course have deepened your thinking about economic behavior.
How do you see Porter's five forces affecting your company's financial strategy for being competitive in the marketplace? How do the same five forces affect your projections and ideas for future business opportunities?
In San Francisco, 30% of workers take public transportation daily
How is the United States government unique in the world in its allowed methods for depreciat- ing assets? For what purpose may a country reduce domestic and foreign corporate tax rates?
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