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Differentiated goods are NOT a feature of a:
perfectly competitive market.
monopolistically competitive market.
monopolistic market.
perfectly competitive market and monopolistic market.
A leading organization, inspired by the Grameen bank, is attempting to provide loans to small farmers. it is leading to farmers in groups of two. Explain three reasons why a strategy of group leading may be better than a strategy of lending to indivi..
the shape depends partly on how much time consumers have to adjust a change in prices. Over a short period the demand curve is fairly steep because a few adjustments can be made.
Use commercial bank and Federal Reserve Bank balance sheets to demonstrate the immediate effect of each of the following transactions on commercial bank reserves. Assume that the initial reserve ratio is 20 percent. Federal Reserve Banks purchase $2..
Suppose that the firms in an oligopolistic market engage in a price war and, as a result, all firms earn lower profits. Game theory would describe this as what?
If the central bank (Federal Reserve in case of USA) does not use accommodating monetary policy, a fiscal stimulus is likely to increase interest rates, which in turn will cause planned investment to decrease. What is this sequence of events called?
Write an essay about 300-400 words about Gross Domestic Product: analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of the country's basis for income generation and any and all constraints to growth
If the market price of tilapia is $1.60 per pound but the government will not allow tilapia farmers to charge more than $1.20 per pound of tilapia, which of the following will happen?
Joe can make apple pie at a lower opportunity cost than Sandy but Sandy can make more apple pies per day than Joe.
What is being assumed about the timing of wage setting and price setting that enables us to say that the economy is always on the PS curve but only on the WS curve in a medium-run equilibrium? What timing assumptions would deliver the result that the..
Draw a set of indifference curves that would make it optimal for him to work 4 hours of overtime each day.
Consider a city that has decided to impose a pollution tax on its polluting firms. How would wages and employment be affected? How does the result depend upon the elasticity of supply of labor with respect to environmental quality? The wage elasticit..
Airway Express has an evening flight from Los Angeles to New York with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers. The fixed costs for the plane are $3,000 per day whether it flies or not. A) S..
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