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How did agriculture help build civilizations?
What is efficiency wage theory? Will employees shirk more or less and be more or less productive at their jobs when they are paid the above-market equilibrium
Choose a well-known industry whose key players could reasonably be considered an oligopolistic firm. Choose one of the 5 following industries:
Which of the following is a short-run adjustment?
The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham Technical University
Briefly explain the "pros" and "cons" of a government policy of "managing"the country's foreign exchange rate as compared to a policy of letting the exchange rate "free float" according to prevailing market forces.
Mr. Charbucks Please read the Federal court Case 2.2 on page 27 of your text. From your personal perspective, do you think that the defendant was consciously using the name recognition of the famous Starbucks marks when it used the “Charbucks” name? ..
You have learned that a monopolist is a price-setter which charges a price above marginal cost. Provide BOTH and argument for and then an argument against government regulation of a monopoly.
Explain the economic growth and its drivers; further provide tangible examples/drivers on how growth can be stimulated using relevant models.
Consider a competitive industry in which each firm has the same production technology given by the production function q = K1/3L2/3, where K and L are two inputs and q is the amount of output. The unit price of K is $0.50 and the unit price of L is $..
Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text).
1. Investment in Research and Development is an important factor for long-term growth. After defining the notion, explain why.
Show the soically optimal price of these drugs. Where will a monopolistic drug company set prices?
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