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Collusion between firms, whether formal or tacit, is more likely when firms can clearly identify with each other or some leader and when they trust each other not to break agreements. In terms of this statement, assess why it would be easier for firms to collude if the condition ofstable markets in terms of cost is met.
Grandparents decided to start a college fund for their soon to be born granddaughter. They plan to make third first deposit the day she is born and plan to make the last deposit on her 10th birthday. They want the child to be able to withdraw 10,000 ..
What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?
Would environmentalists favor command-and control policies as a way to reduce pollution? Why or why not? From an economic perspective, is it sound policy to pursue a goal of zero pollution? Why or why not?
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.
What is the difference between relative factor endowments and relative factor intensities? What does the Hecksher-Ohlin theorem say about home versus foreign countries while they remain in autarky?
Suppose you work as the administrator at a homeless shelter in the SF that wants to minimize the cost of finding jobs for 100 homeless people.
Which of the following are examples of automatic stabilizers? Check all that apply.
a. Compute the z value associated with 14.3. b. What proportion of the population is between 12.2 and 14.3? c. What proportion of the population is less than 10
What are the major effects of the physical separation of group members? How can distance, in some cases, be beneficial to groups and teams?
Just after the fourth interest payment, the bond will be sold. Assume that an effective interest rate of 101/4% will apply, and calculate the price of the bond.
The demand curve for gardeners is Ed = 39 - 2w, where E = the number of gardeners, and w = the hourly wage. The supply curve is Es= 4 + 3w. What is the equilibrium wage and equilibrium number of gardeners hired? Suppose the town government imposes a ..
What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes? 4. Does GDP measure the well-being of society? Why or why not? 5. What was GDP in 2008 (sometimes called GSP) ..
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