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What is the central idea of mercantilism? Explain how this central idea was illustrated by the mercantilist period of history and how it compares to neomercantilist policies being used today.
W hat will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?
What is a call option and what is a put option? How can an investor hedge against a price decline using an option? How can an investor hedge against a price rise using an option?
Revnol, a manufacturer of cosmetics, prices its popular pink lipstick at $8. On the basis of test-marketing, Revnol believes that women between the ages of 18 and 20 have an own-price elasticity of −1.5 and that 60 percent of them are likely to purch..
A monopolist operates at the minimum point of her ATC curve
Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following:
What are the most likely reasons why so many U.S. firms offer subsidized private health insurance plans to their employees and the employees’ family members? What are most important advantages and disadvantages (for social efficiency) of having so ma..
How do you present in professional written form the answer to economic questions without utilizing equations and symbols? Feedback from my professor states, "this is a course in economics. Approach every assessment from the point of view of an econom..
explain a diagram for an industry in a developing country where infant industry protection might be a good idea. What are arguments for and against governments in developing countries giving infant industry protection to new industries.
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
Explain the three main topics that macroeconomics is concerned with. Explain the major critics of how unemployment is measured. Explain how consumption and savings are correlated. Please explain the causality of one variable on the other (use a graph..
We would like to estimate the need for physicians in a country. What approach would you follow to estimate the need? Briefly describe the method you are proposing (describe one method only) and discuss some potential limitations of the approach.
Illustrate what are the indicators of underdevelopment in a world economy.
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