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OPEC is described as a classical example of what kind of market? Why have they had success and failure? If OPEC had only two members, Saudi Arabia and Kuwait use game theory to explain how much production each would supply to the market. What does dominant strategy mean in the context of this example? Usually, the above example is a one time strategy. In the long run what will decide how much will ultimately be produced?
The Internet has permitted for raised trade in services such as programming and technical support, a development that has reduced the prices of such services relative to manufactured goods.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
Discuss what opportunity costs do you confront by enrolling in University of Phoenix's MBA program? Does your organization with which you are familiar consider opportunity costs when evaluating strategic opportunities?
What are freely floating exchange rates all about, and how do they work How can the falling U.S. dollar impact your travel expenses Why would a cheap dollar relative to other nations' currencies be good or bad for U.S. trade
Assume that under the Bretton Woods system, dollar is pegged to gold at a rate of $35 a ounce and pound sterling is pegged to the dollar at a rate of $2 = £1.
England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour.
Discuss and explain the major provisions of the North American Free trade Area (NAFTA) agreement. Briefly discuss the major benefits of NAFTA to the U.S. economy.
Oceania buys $40 of wine from Escudia and Escudia buys $100 of wool from Oceania. Supposing this is the only trade that these countries do. What are the net exports of Oceania and Escudia in that order
What happens in the home money and FX markets if there is a temporary contraction in the home money supply? What happens in the home money and FX markets if there is a temporary contraction in the foreign money supply? What happens in the short ru..
Suppose that a country's real growth is 2% a year, while its real deficit is rising 5% per year. Can the country continue to afford such deficit indefinitely?
Why is U.S. economic growth important to the average American and what is the best way to measure standard of living of the average person: (use unemployment rate, inflation, & GDP in your answer).Does economic growth ensure all members of a societ..
Thoughts on aggregated expenditures. We learned that GDP = C + I + G + Xn. At this point we are focused on a private, closed (no international portion) economy. And how do you find the actual values for the US for this particular question.
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