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The USA is a leading exporter of cotton, but this seems to be possible only with subsidies.
Is there any time limit when the subsidy should expire? What about other countries and their farmers who may be hurt with this unfair competition?
Elucidate how the solow growth model differs from models of endogenous growth with respect to the sources of technological progress and returns to capital.
"The theory of comparative advantage (and the associated projected economic gains from free trade) is a well-known economic theory, but what happens in the real world is closer to the opposite. If, as the result of free trade, some American workers l..
Let's talk about the debt ceiling. What have you heard about it? What does it mean? What was all the fuss about a few years ago? What about the government shutdown?
Suppose that Apple first announces a quantity of iPhones, then Verizon announces a price for data plans, then Apple announces a price for iPhones. What are those quantities and prices? Suppose Apple has a monopoly on iPhones and Verizon has a monopol..
The only firms that do not have market power are
Explain how does monopolistic competition differ from a) pure competition; b) pure monopoly; c) oligopoly? Explain fully what product differentiation entails.
Should companies have a big role in improving the world? Do you think the pharmaceutical businesses have a social responsibility to make drugs that will combat diseases that are a result of poor living conditions, even though profits will be limited?..
List three reasons that inequality for woman reduces economic growth.
Some retailers must contend with excessive customer returns of purchased items. For example, a person may purchase an expensive item at a clothing store; wear it to a fancy event, then return the item. To what extent is the problem of excessive custo..
Identify a company that you believe acts in a socially responsible manner, and describe some of the actions that they undertake in doing so. What benefits might be expected to result from these actions?
Explain why economists teach that free competitive markets (with secure property rights, no externalities, and so on) in equilibrium are highly likely to be very good social mechanisms for societies to utilize in order to organize the production and ..
If the average rate of inflation over that 70-year period was 3%, what was the average yearly rate of appreciation, adjusted for inflation?
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