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Explain the characteristics of perfect competition in terms of demand, price, quantity and profits at equilibrium. Why does perfect competition achieve productive and allocative efficiency? What are the limitations that prevent this market structure from developing in real life?
What are the prospects for profitable investments infinancial markets? Do markets follow a random walk so that profitsare mostly a matter of chance? Is it possible to outguess themarket? What are the best investment strategies?
List the reasons why the official unemployment rate may not reflect the true social burden of unemployment.
A country with a civilian population of 90,000 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3,000 are structurally unemployed. On the basis of this data, answ..
your richrelative died and left you 100000 which you decided to use for your own internet business.what will be your
Pam, having recently graduated from college, is looking to work for 2 years before she enters graduate school. She has received 2 job offers with the following salary structures:
What do other sources of information say about these concepts? Are there discrepancies between the information in the article and information in the unit presentation or the text?
Describe the effects of each of the following events on the US economy (i.e. What may happen to the price? To the real output?).
1. A firm in a perfectly competitive market that is in long run equilibrium is contemplating raising the price of its good so that it can make positive economic profits. Which of the following statements is correct?
Describe the factors in Michael Porter's "Five Forces Model" that affect the ability of any comapny in an industry to earn a profit.
One way to protect shellfish along the shoreline is to release large volumes of fresh water from the Mississippi River to flush oil out to sea. This procedure inevitably results in death to some of the saltwater shellfish while preventing more wid..
Calculate the equilibrium level of income/ aggregate expenditures. Assuming M =200, calculate the new equilibrium and the multiplier
What is a mixed economic system that includes some government protections, provisions, and regulations to adjust the free enterprise system
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