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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).
Since the start of last year, you observe that the price of Monopoly Inc's products has increased. Which of the following scenarios is inconsistent
Suppose the market for cigarettes is characterized by the following information : Suppose the government impose a sales tax of $2 per unit. Calculate the Dead-Weight-Loss due to the sales tax.
An economy starts off with a per capita GDP of $5000. How large will the per capita GDP be if it grows at an annual rate of 2% for 20 years? 2% for 40 years? 4% for 40 years? 6% for 40 years?
Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are made into a fund that pays interest at a rate of 8% compounded annually. Determine the amount in the fund immediately after the fifth deposit.
Most analysts feel that the financial difficulties in East Asia were triggered by
Suppose that the Fed sets the interest rate and adjusts the money supply accordingly (i.e., horizontal LM curve) and the economy is in recession.
For each of the following situations, use the IS-LM-FX model to illustrate the effects of the shock. For each case, state the effect of the shock on the following domestic variables (increase, decrease, no change, or ambiguous) and explain why we obs..
In a particular competitive market, the sellers have private marginal cost (PMC) equal to 2.5 at every output level. The demand curve has the equation P = 52.5 − (5Q/2), where Q ≤ 21 is the quantity bought at price P ≤ 52.5. Explain how we can tell t..
Two investors have each deposited $100 million in a bank. The bank has invested these deposits in a long-term project. If the bank is forced to liquidate the investment before the project matures, a total of $160 million can be recovered. How many pr..
Economic growth rates vary greatly from country to country. Look at the experiences of the United States, Japan, Ethiopia, and China over the last twenty years. Find the average growth rate for each country over that period. What are some of the diff..
What is the slope of the supply curve? What is the P-intercept of the supply curve? What is the slope of the demand curve? What is the P-intercept of the demand curve? What is the equilibrium price and quantity of apartments?
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
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