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Use your thinking about the economic, political and environmental implications of free trade versus protectionism to infer the social advantages of free trade versus protectionism - how do free trade and protectionism both help and harm people? Do your ideas include people in LEDCs and MEDCs?
Describe how price regulation may improve the performance of monopolies. In your answer distinguish between socially optimal pricing and fair return pricing.
Are there programs or initiatives in place to contribute to the community in some way? Review and describe these programs and comment on their effectiveness to the community, the employees, and the company.
Which of the following will never be negative in economic theory?
Assume a government expenditure of $2216.8 and a net export of -$615.4- determine the equilibrium national income, consumption and investment.
1.Identify and discuss three (3) externalities, which can either be positive or negative.
What will happen in the gasoline market if oil prices rise? What will happen in the cell phone market as technology improvements bring costs down? What will happen in the syrup market if honey prices rise?
What is the equilibrium outcome in this duopoly market - What is the maximum number of firms possibly in each market structure - What would be the equilibrium price and quantity if the market were purely competitive?
Economists make a distinction between changes in quantity demanded and in demand:
Investment and the corporate income tax: Suppose the user cost of capital in an economy with no corporate income tax is 10 percent.
Based on your readings and ruminations, do these three people see the tennis ball go at the same or different speeds? How about the flashlight beam?
Show that regardless of who holds the rights to set volume levels, the two women will reach a bargaining agreement at the socially optimal level found in part a.
When will people search harder for substitutes for oil: When the price of oil is high or when the price of oil is low?
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