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1. What two main methods do governments use to intervene in international trade?
a) trade promotion and trade restriction
b) subsidy and currency controls
c) foreign trade zones and embargoes
2. If living standards in a country, as measured by output per person, increase, then total output must have:
increased more rapidly than population increased.
increased at the same rate that population increased.
increased more slowly than population increased.
decreased more rapidly than population decreased.
Examine the role of Fayol's pillars of management and how they may conflict or conversely fit with contemporary organizations and management theories.
How to define the relevant market to conduct the merger analysis? Explain briefly what is the Hypothetical Monopolist Test. You should discuss what the market definition is and how to include market participants of a relevant market. Explain what are..
In Federalist Papers 10, 51 and 78 the authors identified and discussed compelling concerns and fears they believed needed to be addressed under a new government. They argued the remedies for each were provided for under the U.S. Constitution. You mu..
A Petroleum company recently completed construction on a large refinery in Louisiana. The final construction cost was $71,000,000. The refinery covers a total of 260 acres. If the power-sizing exponent for this type of facility is .70, what is the es..
The demand a monopoly faces is p =100-Q+A^.5, where Q is its quantity, p is its price, and A is its level of advertising. Its marginal cost of production is 10, and its cost of a unit of advertising is 1. What is the firm's profit equation? Solve for..
Why does it make sense for a firm to shut down in the short run if the price falls below minimum average variable cost?
Under perfectly competitive conditions, marginal revenue is. A firm's break-even point occurs where. Consumer surplus is the area above the demand curve and below the equilibrium price. Perfect competition assumes that all products are identical and ..
What roles did President George W. Bush, Alan Greenspan, and the Securities and Exchange Commission have in the Enron scandal?
Illustrate what fraction of the total variation in trades of Bright Side remains unexplained.
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
If average worker produces $70,000 of GDP, by how much will GDP increase if re are 140 million labour force participants and unemployment rate drops from 5.2 to 4.5 percent.
Explain, using the isoquant-isocost diagram, why a rise in the rental rate of capital coupled with no change in the wage rate will lead to a rise in the price of the capital-intensive good relative to the price of the labor-intensive good.
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