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Classical economics has been criticized for being overly micro-focused and failing to effectively handle aggregate economic activity. How would you respond to this criticism if you were attempting to defend classical economics?
Why is there a possibility of a principal-agent problem in corporations? In the response, discuss examples of opportunistic behavior (principal-agent problem). Discuss three solutions to minimize the principal-agent problem. Discuss limitations of ea..
Saving the whales: Can the approach Hank Fischer used with wolves be applied to other animals like whales? Be sure to explain your conclusion well.
If the required reserve ratio ia 10 percent, up to illustrate what amount could checking account deposits in the banking system as a whole drop.
Briefly explain regulation in the case of a natural monopoly. Provide 3 common examples of regulation. Briefly discuss the benefits of privatization set out in the text and explain what is required for privatization of a nationalized asset in order t..
Why are some producers forced to sell their products at the prevailing market price? High degree of similarity to competitor's products.
Compare the column for marginal product also the column for marginal cost. Illustrate what pattern do you see.
Explain why its important to companies to honestly and accurately assess its strengths and weaknesses and to regularly update its assessment in a dynamic market
What is multicultural competence? What are three things a person can do to increase his/her personal level of multicultural competence?
Your company generated $3.7 million revenue in 2013. Annual costs/depreciation are as follows: cost of goods sold that year was $800,000; salaries and wages that were paid were $1,000,000; advertising costs were $30,000; depreciation was $50,000; oth..
Which of the following is the name of the power connector that is larger than the connector used for floppy diskette drives and that is commonly used with PATA drives?
Using any relevant information below, calculate GDP via the expenditure approach. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increa..
Can you think of ways in which the government can reduce the prevalence of moral hazard along each dimension?
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