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Discussion
Choose a product or service that you are familiar with (something you use or have used, something related to a job you or someone close to you has held, etc.). Are there a lot or few firms in the industry? Are the products similar or identical or without close substitutes? Are there barriers to entry and, if so, what are they?
1.Do any groups of people gain from inflation?
1.Think of two things that are provided free of charge.
Under what circumstances would a rise in income tax act as:
1.Assume that in a household one parent currently works full time and the other stays at home to look after the family.
Why might it be value increasing for the firm to make Kraft accountable for such events. It is true that she cannot control those events.
The overall balance of payments must always balance. If this is the case, 1.why might a deficit on one part of the balance of payments is seen as a problem?
Would the world benefit from the general imposition of controls on the movement of international finance?
List and describe three ways a firm can determine long-run prices.
Explain what is the marginal rate of substitution and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.
What exactly is pluralism, ethnicity, and the concept of 'social construction of ethnicity?
You can either spend spring break working at home in Alabama for $200 per day for 5-days, or you can spend the week in Costa Rica where travel expenses will total $700.
Find weakly dominated strategies for both Bob and Charles. Is bidding 0 a weakly dominated strategy for either player? Explain.
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