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Which of the following boosted the ability of small companies selling traditional products to compete in the global market place?
the barriers to trade that restrict their products from crossing domestic boundaries
technology that lowers the costs and difficulties of global communication
increased investment by foreign competitors in domestic markets
government policies that seek to regulate the flow of capital across national borders
q1. in the exhibit below explain how does the real wage rate at point c compare with the real wage at point a? explain
She can charge different prices in the two markets. Illustrate what is the profit-maximizing combination of quantities for this monopolist.
q1. do you think the newspaper company trusts you not to get more than one paper? no they understand the law of
Explain how does global economic competition impact price elasticity in domestic market and decisions related to strategy a firm uses to compete. Why do most economists oppose trade restrictions.
Summarize the components that support the Cobb-Douglas function, as well as its shortcomings. How are regression results evaluated? Is any single way better than another? Explain your answer.
Calculate cost elasticity of demand for paint and show your calculations. Decide where demand for paint is elastic, unitary elastic, or inelastic.
Explain how a Central Bank (e.g. the US Federal Reserve Bank, or "Fed") functions in order to: a) control the monetary base ("Hint": the amount of high-powered money); and b) through this control
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.
If we assume only one factor (labor), we can demonstrate on the PPF the opportunity cost of producing less of one good and more of the other good by:
Many professional sports athletes have incentive clauses in their contracts. These indicate tha: a) the team owner has asymmetric information b) the athlete might engage in moral hazard, which the team owner wishes to avoid. c)the athlete might engag..
In an effort to bring inflation down they had set interest rates at 5% in 2018. How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal? (Hint: maintain plenty of decimal places.)
q. consider a market for an electronic component used in airport radar systems. two firms hold a patent on the
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