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Question: The Economic Policy Institute article "Using Standard Models to Benchmark Costs of Globalization for American Workers Without a College degree" by Bivens (2013) discusses the microeconomic impact of increasing trade flows with less developed countries, particularly China throughout the past decade, and its hindrance on wages for American workers. Provide a short summary of the main arguments in this article.
1. Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry? Explain your answer.
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?
What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users.
Question - Discuss and give examples of four behavioural biases which we think are the most impactful and/or common for investors
Explain why you picked the different culture that you are researching. How do you interact with that culture on a regular basis?
Given that milk and cookies are complements, suppose the price of flour (an ingredient in cookies) rises. What happens in the market for milk Choose one answer. a. The equilibrium price and quantity rise. b. The equilibrium price rises and the equil..
What are the advantages and disadvantages of the corporation as a form of business organization - explain how the capacity utilization rate and the interest rate affect the level of investment.
What is its product or means of revenue and who are its customers? Is it location based and physical, or does it have a mostly virtual presence?
Determine whether the firm is operating efficiently, given that its objective is to minimize the cost of producing the given level of output. Determine what changes (if any) in the relative proportions of labor and raw materials need to be made to..
Explain the kind of credit market inefficiencies this exercise highlights, and the way such inefficiencies are mitigated by group lending under joint liability.
What should the growth strategies be of both large airlines (United, Delta, AA, British Air) and smaller carriers (Spirit, Ryanair)? What are the key components of a winning strategy for both size carrier?
Graph the constraint with the production function when z = 180,000, z = 300,000, and when the z-value is optimal.
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