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1. Describe the product, production methods, scale of production, and sources for raw materials. What technologies are used?
2. Describe the competitive environment within the industry. Is there a dominant firm? Are the other firms follow or actively compete? How do they compete? (For example, by using price, advertising, quality or some other variable.)
Illustrate what is the basic objective of monetary policy. What are the major strengths of the monetary policy. Why is monetary policy easier to conduct than fiscal policy in a highly divided national political environment.
Illustrate what are some more common restrictions on the activities of multinational corporations in host countries
Which of the following statements best describes the concept of a binding price floor. Suppose that the equillibrium price of donuts is $1.00 per donut.
Evalute an environmental problem and explain how one of the three groups might resolve it? There is no word limit for the solution.
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
Use the AD/AS model to explain and show the current economic situation. Then suggest a fiscal approach to solve the current economic situation without adding any more debt. The current MPC = .80.
Write down the budget constraints when young also when old also the lifetime budget constraint for both types of consumers.
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition. Do you agree. Why.
Draw the demand curve and show the values of the price and quantity intercepts using the linear equation for Qx=28,000,000-Px divided by 1000.
Illustrate what is micelles opportunity cost of producing potatoes and or chickens if she were to produce 200 pounds of potatoes per year and 50 chickens per year.
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