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Tourism development requires the expansion and improvement of infrastructure in order to boost tourism supply and demand. Discuss the validity of such statement.
Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
Digital technology, including new software developments is essential for many organizations to function in the modern world. Although there is a variety of technology available, there does not seem to be an industry standard. Select what you feel are..
Are all fixed costs also sunk costs? Explain.
Selection and implementation of ERP systems is time consuming and very expensive. There are a number of published cases of failed ERP systems. Research and find cases of other successful and failed ERP implementations. Summarize your findings and dis..
Calculate the t-statistics for each variable and explain what inferences can be drawn from them. If R2 of this equation is 0.25, what inference can be drawn from it?
Consider an economy with a reserve requirement m = 0.25, and assume that banks, on average, keep some excess reserves. The value of the money multiplier will be. For given increase in the supply of reserves to banks by the Fed, the drop in the federa..
In what ways do you think their behavior would differ from comparable doctors in a not-for-profit hospital in the US?
Explain the problems of “cannibalization” and “arbitrage” in the context of price discrimination and discuss how they can be avoided. Provide two examples of each problem (and possible solutions) from the publishing industry.
How does the standard product of labor change when the industry utilizes 81 units of labor.
Economist Gerd Gigerenzer characterizes heuristics as "fast and frugal" ways of reaching decisions. Are there any costs to heuristics being "fast and frugal"? Explain and give an example of how a fast and frugal method for doing something in everyday..
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. Determine the optimal number of units to put i..
Write a letter to a future student, indicating: Why you liked or disliked about macroeconomics, What you have learned. Your experience of working on the integrated final project. What could have been done differently?
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