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Identify the three main types of regional trade agreements and give an example of each. Make sure you explain why each example fits the category you put it under.
Explain what an economy of scale is and give a specific example of one time an economy of scale benefited a country or individual company.
Why is the European Union an optimal currency area?
Which country do you think benefited the most from NAFTA? Why?
Explain how the global supply chain functions of (a) logistics and (b) purchasing can be used strategically leverage the global supply chains for a manufacturing company producing mobile phones.
Suppose that the government has been supporting the price of corn. It’s free market price is $2.50 per bushel, but the government has been setting a support price of $3.50 per bushel. Which of the following are ways that the government might try to r..
Imagine that you are the chair of the Fed and see that Brexit and other events in Europe during this year will have a negative effect on Europe's economy: what policy would you carry out and why?
The output that maximizes profit is obtained where : Perfect competition is characterized by: If price is greater than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will:
Assume a monopolist does not practice price discrimination. Which of the following must be true for a monopolist at an output level where price (P) is equal to marginal cost (MC)?
A researcher reports an independent-measures t-statistic with df = 30. If the two samples are the same size (n1 = n2), and population variances are equal, then how many individuals are in each sample?
Illustrate what is the relationship between marginal revenue also marginal cost as the firm increases output?
By how much must the government increase expenditures to shift the aggregate demand curve right by $10 billion?
If inflation is estimated to be 4% per year for the next 3 years, how much, in Year-1 dollars, will Felix be earning each year? What is the inflation rate in Fe
A company plans to erect biggest wind farms in the world with 200 wind turbines costing some $1.69 million each. Generating power from wind is not profitable for companies without government tax breaks. Determine the IRR on this investment by plottin..
A perfectly competitive firm should produce in the short run as long as:
What is the implication of the efficiency wage theory for unemployment? In what way are piece rates, commissions, and royalties, profit sharing, and stock options substitutes for efficiency wages?
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