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Topic 1: Many economists believe the strict definition of perfect competition does not exist in real world. Yet, this model is the point of departure in discussing the market structure. Discuss why.
Carbon tax: Suppose the government imposes a carbon tax on oil production. Will this affect the supply or the demand for gasoline? Why? Which determinant of demand or supply is being affected? Show graphically with before and after curves on the same..
Suppose that some of State Bank's securities were bonds whose value was linked to riskysubprime mortgages. When some homeowners could not pay their monthly mortgagepayments, the value of these bonds fell. Suppose the value of State Bank's securi..
Which of the following would cause the demand curve for rice to shift to the left?
To measure total output for an economy the measure GBP is utilized. GDP is considered a macroeconomic variable. Economic activity is indicated by the measure GDP. GDP is a qualitative measure of total output. Households own the factors of production.
Make two income statements, are utilizing the traditional accounting approach another using the opportunity cost approach to determine the profit.
During the last year, the demand for books has been falling. At the same time, some industry observers expected that several smaller book manufacturers might exit the market due to the strong competition imposed by Kindle. Use a demand and supply gra..
Speaking of competition, why is it that company’s who are in competition with one another often located right next to each other? Where I live, if you see a McDonalds, within a block there is a Burger King. As you drive down our main street, you hit ..
Emerging markets in other developing countries are gaining global influence and global power. In 20 years, these countries will be the dominant force in global economics. What should change, if anything, in the economic policies in order to make the ..
How would each of the following affect the Canadian market supply curve for corn?
The U.S. Bureau of Labor Statistics publishes a variety of unemployment statistics, including the number of individuals who are unemployed and the mean length of weeks that the individuals have been unemployed. Find the confidence intervals of the me..
To enrich an experience, we can pay attention to what ways an experience is new to you, such as previously overlooked nuances in gratitude. According to Hansen, being able to access a positive mental state is NOT essential for well being and coping.
Explain the contributions of Hobson and Lenin to the theory on imperialism. Is imperialism a contemporary problem? Has its form changed? Explain. Does behavioral economics or institutional economics present a more fundamental challenge to neoclassica..
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