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Market Structures
Most European countries have nationalized their universities and colleges. Consider that some countries have also used the law to ban private colleges. Should higher education be classified as a natural monopoly in these European countries? Explain and justify your answer and use appropriate examples to support your conclusions.
Next, consider the case of several large, established pharmaceutical manufacturers such as Merck. What type of market form do you believe that such manufacturers operate under?
Justify your answers and use appropriate examples to support your conclusions.
Resource: McConnell, C., Brue, S., Flynn, S. (02/2009). Microeconomics, Brief Edition, 1st Edition.
China and Japan have two factors of production, land and labor. Both countries produce two goods: corn, which requires more land and computers, which requries more labor. Given that China is abundant in land and Japan is abundant in labor.
Is the world ready for a socially responsible, sustainable hamburger? How much extra would you be willing to pay, assuming the burgers taste really good?
Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short
In a 1990 article assessing the 1980's, Time reported that: "The good news is that U.S. gross national product doubled during the 1980s, from $2.7 trillion to $5.3 trillion." The GNP number they refer to is nominal GNP.
Suppose that the corn production needs only land and can production requires only labor. The US can produce either seventy kilograms of corn or 100 cans in an hour.
From an accounting standpoint, stock splits neither add nor detract from the intrinsic value of the stock. For example, if stock was $100,paying a $2.50 dividend and underwent a 2:1 split,
Provide three arguments for trade restrictions. Since economists do not trade restrictions, make the case as an economist against trade restrictions for these three items.
Discuss whether firms in other market structures consider the potential reaction of competitors when making important marketing decisions.
Identify any gaps you have observed in international trade policies during this course. Explain what U.S. government agency you would contact to address the gap and what recommendation you would make.
What are the factors affecting to development of ecommerce in a developing nation and the major benefits and limitation of adopting of ecommerce by a developing nation.
Describe how the following events would effect market for South Africa's currency, the rand, suppose a floating exchange rate.
Suppose Congress cuts spending for the military, and then unemployment rises in the U.S. defense industry. Is there causation in this situation, or are we observing an association between events
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