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What is "McWorld" and what dose the "McWorld" culture promote? what are some issues with fast food restaurant in relation to globalization?
How dose the fast-food industry influence foreign food markets? what are some of the pros and cons for the host cities?
illustrate what happens to total income when the price of milk is increased.
To increase tax revenue, the U.S. government in 1932 imposed a 2-cent tax on checks written on bank account deposits. (In today's dollars, this tax would amount to about 34 cents per check.) a. How do you think the check tax affected the currency-..
Suppose the monopolist faces the following demand curve: P = 180 - 4q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. What is the value of the deadweight loss created by this monopoly?
Increase the required reserve ratio Decrease the required reserve ratio Increase the discount rate Decrease the discount rate Buy government securities in the open market Sell government securities in the open market
Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.
Assume that if a player is indifferent between accepting or rejecting a division, then the player always accepts the division. Using backward induction, the prediction is that
The following quotations are from an article in the Financial Times on November 9, 2007:
With a falling price level, what happens to the actual real interest rate? Does your answer depend on what happens to the nominal interest rate? Briefly explain.
What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?
Imagine a world of two countries in which the only causes of fluctuations in stock prices are unexpected shifts in monetary policies. Under which exchange rate regime would the gains from international asset trade be greater, fixed or floating?
Let P = 53-Q be a consumer's long-run demand curve for gasoline, and P= 103-2Q be the consumer's short-run demand curve,
Illustrate the factors comprises in making decisions about pricing tobacco products indicating which would be the most influential.
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