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How do firms contribute to the efficiency of the market economy in ways that networks of independent contractors do not? Use your organization, or one with which you are familiar, to illustrate your response.
Using the ITT Tech Virtual Library, research information on companies that have engaged in monopoly behavior, such as Microsoft, Google, or Wal-Mart, and explain how society has been affected by the monopoly behavior using that information.
Suppose that currency in circulation is $800 billion, the amount of checkable deposits is 1500 billion with the required reserve ratio on checkable deposits is 12% and banks hold an excess reserves of $50 billion. Calculate the money supply, the curr..
In 2012, Peter Pan’s Pizza Pizzeria produced and sold 10,000 pizzas at a price of $8 each. In 2013,Peter Pan’s Pizza Pizzeria produced and sold 12,000 pizzas at a price of $9 each. How much did Peter Pan’s Pizza Pizzeria contribute to nominal GDP (in..
Look at your workstation, and describe it according to the industrial work station design. Does it meet the standards for reach, height, and other measurements?
Your income is $10 and you buy sodas for $1 apiece. One day a local bully starts demanding that you buy him a soda for every soda you buy yourself. Therefore, it now costs you $2 to get a soda. Illustrate the bully’s effect on your budget line. Illus..
Why do you believe politicians are making these items priorities (and, why now in 2014)? In economics, we are looking for incentives. What incentives does a politician, looking out for their interest (invisible hand), have to promote these bills?
An individual was injured while setting off fireworks that he purchased from the ACME Fireworks Company. This individual was a resident of the state of Oregon. He was injured after lighting the fireworks in Oregon. The ACME Fireworks Company was loca..
Define "modern economic growth" and explain the institutional structures needed for an economy to experience it.
If you are available for work and have looked for a job at some point during the previous twelve months, but have not actively looked during the previous four weeks, you are considered. Suppose that you are available for work but have not looked for ..
Randy ratpack hates studying both eco and history. the more time he spends studying either subject the less happy he is. But Randy has strictly convex preferences. Illustrate the graph and is the slope of the indifference curve positive or negative?
What are the positive and negative effects of a higher success rate of innovation on the relative size of a research sector?
American (domestic) current event, firm, or market. Foreign (outside of the U.S.) current event, firm, or market. Favorite Case Study from the Modules Forum. How has this course changed your thinking about the economy & your own economic approach t..
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