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Economists are often criticized for making assumptions. Why are assumptions necessary? To think about this, you might consider an assumption that is often made: people are ratonal. Do you think that people are rational, and how could you construct a model of irrational behavior? Would that be a better assumption to make?
explain international trade wars can take place and competition among nations is reduced.
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
Illustrate what are the disadvantages of forming corporate joint ventures between multinational corporations in the home and host country.
What happens to the equilibrium price and quantity in each market? Which product experiences a larger change in quantity? Which product experiences a larger change in price?
Explain whether every of the following transactions involves spot exchange, contract, or vertical integration.
Illustrate which loan carries the lower effective rate. Consider fees to be the equivalent of other interest.
What is a government budget deficit. Elucidate how does a federal budget deficit affect the economy.
What is the effect on investment? What is the multiplier effect?
The Wozniak Corporation, a maker of aircraft engines, determines that in 2008 the demand curve for its product is as follows-What is the price elasticity of demand if price equals $500?
fall in demand, high unemployment etc but how can I understand the similarities (or differences) more deeply? Can you help explain.
Elucidate how would this technological change affect the price elasticity of demand for natural gas
Describe supply and demand, major reason(s) for the price increases and fluctuations, and international factors, if applicable. You should use at least four references.
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