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Is Walmart Good for America? Read John Miller, “What’s Good for Wal-Mart” (article 4.4 in Real World Micro). Are lower prices at Wal-Mart necessarily good? Would it be a good or bad thing if Wal-Mart raised wages and raised prices? What would you need to know to answer these questions? What do you think? Explain and support your opinion!
Should sports leagues be allowed to remain as cartels? More than 100 years ago, the American legislative leaders decided that it was necessary to pass laws prohibiting "...any combinations or conspiracies in restraint of trade." However, the professi..
Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol? Why is it unlikely that a firm would sell at a price where its demand curve h..
If required reserve ratio is raised and people decide to hold more cash instead of depositing, how is the money supply affected?
The Black Death: In the middle of the fourteenth century, an epidemic known as the Black Death killed about a third of Europe’s population, about 34 million people. Use the production model to explain why wages might have been higher.
The Great Inflation affected the banking industry through the following channel(s).
Redstone Clayworks, Inc. is located in Sedona, Arizona and manufactures clay fire pits for patios. They are one of about two dozen firms around the world that manufacture and sell clay fire pits for retailers such as Home Depot, Lowe’s, Front Gate, a..
If today is Year 0, what is the future value of the following cash flows 10 years from now? Assume an interest rate of 6.9 percent per year.
Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service's rescue teams to locate those lost or in trouble in the wilderness. How will this affect the costs that the Forest Service incurs? (Ch 20 Ind..
Among the families you know, how many work for companies that provide goods or services for capital formation—that is, for investment purposes rather than for consumption?
Is the concept of a just price a positive or a normative concept? Why?
Explain greshams law in your own words without the help of sources. Show examples of how greshams law is used in the retail industry today. (In your own words, and knowledge. No plagiarism).
The distribution of family income is preferable than the distribution of household income because
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