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Discuss the impacts and effect(s) on the world price of corn as a result of the increased use of corn to produce biofuels in the United States and Europe. How does this impact on trade; the production decisions of farmers; and the world food supply?
The Fraser is a large river running through the Fraser Valley and past the city of Vancouver. The original port Mann bridge, built in 1963, was replaced by a new toll bridge in 2013. Another crossing at the old Pattullo bridge is not tolled, and is a..
The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:
Specify the main economic (not political) drawback of economic integrations among nations? Explain (do so in no more than 40 words).
A small company sells medical supplies to hospitals. Management wants to assess the efficacy of the company’s advertising, and an analyst has produced the following three regressions: Why is the coefficient on advertising different in the first two r..
What are the advantages and disadvantages of fixed versus floating exchange rates?
The City Council in Bigtown is considering removing the monopoly rights of Bigtown Cable TV, Inc. Bigtown Cable is arguing that the competition in the cable TV market will be chaotic and result in a loss of jobs. As the staff economist for the City C..
Do a discussion on the model of perfect competition also adopting strategies to gain marketplace power in competitive industries.
By comparing states that did and did not allow optometrists to advertise the price of eyeglasses, economist Kyle Bagwell found that
Andy’s decision to increase his purchase of a particular good by 150 units from its previous level of 50 units was brought about by the fact that another good was on sale at 50% off the initial price. Explain, with correct numerical calculations, whe..
Other things being equal, the markup above marginal cost that a monopolist charges will be:
A man may be preferred to a woman by an employer who will make a substantial investment in the training of the employee because
Do Monopolistically competitive firms generate a long-run profit? Why is a monopolistic competition said to be inefficient?
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