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What are some of the characteristics of perfect competition? Which types of industries come closest to perfect competition in the real world?
How do monopolistic competition and oligopoly differ from other market structures? Give an example of each.
Suppose the Fed buys 3 treasury bonds from the public. The people who sold these bonds keep all their money in checking accounts. Each bond is worth $1000 (so the Fed has bought $3000 worth of bonds). Suppose further that the required reserve ratio i..
Please use your own words to create 2 PPT slides for each compare and contrast the benefits and detriments of megamergers by describing potential impacts on the companies involved (Monsanto-Syngenta), consumers, other businesses, and the economy. Ple..
An economist gives the following advice to a museum director: “You should introduce “peak pricing”. At times when the museum has few visitors, you should admit visitors for free. And at times when the museum has many visitors, you should charge a hig..
What are the drawbacks and benefits associated with moving a business unit and corporate Headquartersto another country?
Suppose unemployed people leave a state to obtain jobs in other states. What do you predict will happen to the unemployment rate in the state experiencing the out-migration? What might happen to the unemployment rates in the states experiencing in-mi..
Describe the benefits and risks entailed with an experimental approach to regression analysis.
Harry Mazzola, who consumes only corn chips and french fries. His utility function is u(x1, x2) = min{x1 + 2x2, 2x1 + x2} where x1 is his consumption of corn chips and x2 is his consumption of French fries. At what prices will Harry consume only corn..
What are the external effects ( externalities ) and why they can lead to inefficiencies and government intervention in the markets . Why are some government policies to manage external effects effective ( efficient ) while others are inefficient ( in..
Communicate how the potential payer mix relates economically to changing demographics in your given community. What potential solutions would you suggest to your director that might overcome the demographic shift? Analyze economic theories that are g..
Recall the Application about the size of Walminus−Mart to answer the following? question(s). During? 2008, Walminus−?Mart's sales were approximately? $374 billion, or roughly 2.6 percent of U.S.? GDP, and its cost of sales was? $286 billion. Accordin..
Assume that an economy is in the long-run equilibrium with the GDP deflator of 150 and potential output of $40 billion. Draw a typical aggregate demand-aggregate supply model using this information. The economy is experiencing a shock – a sharp drop ..
If the actual budget deficit is $100 billion, the economy is operating $250 billion above its potential, and the marginal tax rate is 20 percent
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