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What are the major forms of subsidies that governments grant to domestic producers? Provide 2 real-world examples of subsidies given to a firm, or firms, which compete globally. Need citations
Economic rent represents
i. Compute the B E P in units and in shs. ii. Assume that the company intends to make a profit before tax of 20% of sales, determine the number of units that must be sold.
The average price of red stubble is about $8 per kilo also the fisher people's revenues for catching red stubble immediately cover their costs.
A newspaper recently reported that U.S. businesses have significantly increased spending on capital goods. What effect might this trend have on U.S. labor markets?
Use the graph to illustrate the economic concepts of scarcity, unemployment, inefficiency, and opportunity costs. When possible, use data points on the graph to accompany your verbal explanation.
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?
Assume that the interest rate is 10%. Explain whether you would prefer to receive (a) $ 75 one year from now, (b) $ 85 two years from now, or (c) $ 90 three years from now? Would your answer change if the interest rate is 20%? Show how you arrive at ..
What is the relationship between potential output and the natural rate of unemployment? a. If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cycli..
Each year, extra cleaning staff were employed by a hotel on a temporary basis during the busy holiday period. They were not employed when the hotel was not busy. What type of unemployment occurred when the hotel was not busy?
Read "Does a stock market crash affect the economy?" (Layton et al 2012, pp. 364–5) Immediately following the attack on the US on 11 Sept 2001, the stock markets plunged and many observers expected a recession in the US (and possibly elsewhere). Q) U..
when markets for goods as well as services gain access to the Internet, more consumers and more businesses participate in the market.
The monetary return to an additional year of experience will be higher for workers in the primary sector of the labor market than for those in the secondary sector. A union’s contract zone will be wider the more inelastic is the labor demand curve.
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