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Oligopolies are known as big businesses. Select an oligopoly and discuss how globalization may have affected its resource allocation. (Hint: Discuss at least one major issue such as outsourcing or regulation, so your classmates may discuss other relevant issues).
Why might foreign aid not reduce poverty of a developing country? Explain Three different reasons based on the foreign aid.
Determine whether the following production function exhibits constant, increasing, or decreasing returns to scale
The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run aggregate supply curve can never shift. Either a decrease in the nominal money supply by the Federal Reserve, all else held..
Suppose that government imposes a $5 excise tax on each case of beer. Determine the equilibrium price and quantity before and after the tax. How much tax revenue does the government receive? What is the consumer’s tax burden? The producer’s burden?
Firms that had virtual monopoles, that is control over at least 80% of industry production, because of control over an essential resource include all of the following except the - The marginal revenue that would be derived from the production of a ..
Using Total Expenditures, the money market, and the investment market, explain and graphically depict the effect of an increase in the money supply on the level of output and the interest rate.
Compute a 99% confidence interval rather than a 90% confidence interval. The increase in confidence indicates that we have a better interval.
Identify their corresponding production and consumption points. Can you identify the country having a comparative advantage?
Explain the origin and dynamics of the currency crises in Mexico in 1994-95 and in Asia in 1997-98. What lessons can we learn from these crises?
Assume that you have a company and need to evaluate two alternatives, an automatic machine (AM) and a manual machine (MM). Capital investment for these AM and MM are $23,000 and $8,000, respectively. If we assume that MARR is 10% yearly for AM and MM..
Illustrate what philosophical principle did Google's managers adopt when deciding that the benefits of operating in China outweighed the costs.
How does an Edgeworth box work, and how do you solve for optimal allocation between two consumers? How do you derive marginal utilities for a consumer with preferences which result in perfect complement curves?
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