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1. What is efficiency? Is it the only goal of economic policymakers?
2. What effect do government intervention, taxation, and regulations have on economic behavior? Explain. What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?
3. What factors influence a firm's competitive strategies? How does global economic competition affect the price elasticity of demand in the domestic market and decisions related to the strategy a firm uses to compete? Why do most economists oppose trade restrictions? Who have been the winners and losers as a result of the North American Free Trade Agreement? Explain your answer.
4. What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example? Is it possible that a government's solution to a market failure would worsen the failure? Explain your answer.
5. Air is a "public good". I guess that water is kind of a public good as well, even though I do get a water bill each month. Should the internet be a public good? What about health care? Energy? Educational opportunities? Food? Why/why not? What else do you think should be a "public good"? And is it in our personal as well as collective interest to have more or less public goods? Why/why not?
Foreign direct investment has helped many Asian countries develop. Still, there is some reluctance among some Asian policymakers to undertake actions to attract foreign direct investment. What are their motivations? Have any countries been success..
Show graphically and explain why the imposition of a minimum wage results in both winner and losers in the labor market. On your graph identify the gains to the winners and the losses to the losers.
Nominal interest rates are quoted at a variety of maturities, corresponding to different lengths of loans. For example, in late 2004 the U.S. government could take out ten year loans at an annual interest rate of a bit over 4 percent, whereas the ann..
Trang has strictly convex indifference curves and is indifferent between the bundles (16, 2) and (2, 4). Use the definition of strict convexity to show that Trang prefers (9, 3) to (2, 4).
Research the electronic company of Apple. Reflect on how the leadership changed when Steve Jobs died.
How is culture of India reflected in idea of sacred cow. Illustrate what influence does this have on arts of India.
Suppose now that a second firm enters the market. Let Q1 be the output of the first firm, yours, and Q2 the output level of the second firm. Market demand is now given by Q1 + Q2 = 53 – P or inverse demand can be expressed as P = 53 – Q1 – Q2. Calcul..
Most business in the U.S. is conducted by corporations, and corporations popularity results primarily from their favorable tax treatment.
On aggregate demand does fiscal policy have a strong impact. Explain the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand.
Suppose two soft -drink bottling companies employ drivers whose job it is deliver cases of drinks to stores, restaurants, and businesses. One company pays its drivers an hourly wage and the other pays them by the number of cases delivered each day (w..
In? 2011, Kendall? Ford, an automobile? dealership, spent? $20,000 on a new car lift for its repair? shop, $2,000 on a new copy machine for its sales? division, and? $600,000 on Ford Motor company stock. Unsold cars and trucks were valued at? $400,00..
The development of early trade theory was influenced by the debate? These are the muliple choice answers maybe that will help you but it is an actual question.
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