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Question:
1. Why did the Europeans try to protect their auto industry from Japanese imports, and do you think this was fair to European consumers?
2. Toyota has established production facilities in Europe to service the European markets. Has Hyundai, Kia, or Honda followed the same strategy? If so, in which countries have they set up manufacturing, and are they the same ones where Toyota is manufacturing?
Given the mixed messages of the CEO's speech and the home office corporate culture, does the company produce managers or leaders? Show your work using game theory.
Gordon lists his old Lionel electric trains on eBay. He sets a minimum acceptable price, known as his reserve price, of $75. After five days of bidding, the final high bid is exactly $75. He accepts the bid.
An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged.
Suppose that the one-period rate is 4% and that the two-period rate is 6%. What sort of expectation for the one-period rate next period makes this situation an equilibrium?
In a perfectly competitive industry if each firm is identical then we can calculate the number of firms in the industry by
Elderly population is growing more rapidly than the total population - the number of workers is rising slowly, retirees are rising quickly. If total expenditure were frozen, what would happen to benefits per retiree
in the diagram above discuss the implication to economic efficiency of an economy operating at point x .v. operating on
crown cinema recently increased the price of a movie ticket by 5. as a result attendance dropped by 8. based on this
Government intervention may achieve a more optimal outcome than the market mechanism when addressing
Consider an open economy with flexible exchange rates. Lets IP stand for the (uncovered) interest parity condition.
Consider the problem of regulating acid rain in the eastern US. Assume emissions are generated in the Midwest and the Northeast but acid rain damage only occurs in the Northeast. One million tons of emissions in the Midwest results in 1 microgra..
Compute the price, output, and profit contribution if the product is not certified. Compute the price, output, and profit contribution if the product is certified. Should the firm undergo the certification process?
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