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Computer-driven factories using robots to build an automobile has resulted in workers being laid off. What kind of unemployment best explains the workers' situation?
1. Cyclical unemployment.
2. Tabulated unemployment.
3. Structural unemployment.
4. Frictional unemployment.
What are the major determinants of a product's price elasticity of demand? Studies indicate that the demand for Florida oranges, Bayer aspirin, watermelons, and airfares to Europe are elastic. Why?
a critical assumption in the model of demand and supply is the independence of demand and supply curves. if the two are
Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the price elasticity of demand equals
1.Flank defense: protecting a weak flack by erecting outposts 2.Contraction defense: giving up weaker territories and reassigning resources to stringer territories. what's the diffrence between Flank defense and Contraction defense?
Many automobile manufacturers routinely advertise the safety of their cars, yet airlines generally do not mention safety in their advertising. Can you suggest an explanation for this difference
a firm you has to decide whether or not to enter a market which is serviced by a monopolist. currently the monopolists
When choosing between bundles of beer and pizza, I always look first at the amount of pizza and choose the bundle with the largest amount of pizza. If any two bundles have the same amount of pizza
there are also more than 475 bilateral and regional trade blocs, including the North American Free Trade Agreement and the European Union, which provide special trade preferences to member nations.
as an economist for abc plastics your boss has asked you to respond to some questions she has regarding the companys
Could someone please explain this I think it means that because of the large crop, farmers' incomes will fall because of the increase supply per farmer. Prices would then have to be competitively low to sell due to the high supply and as such the ..
a multinational company globalcorp produces personal care products oriented toward middle class consumers and it is
Assume that the technology of producing widgets is that every company entering the market has the same total cost curve, as follows; TC=1000+5Q+0.1Q^2
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