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What are the effects on the price level and real GDP of a major union wage settlement that significantly increases wages or a sudden increase in price of an important raw material, such as oil. Is this a supply shock, a demand shock, or both? Can you think of an example of such an important change?
Different market structures are prevailing in ourdifferent sectors like agriculture, power supply, transport industry, cement industry,restaurants, etc. Analyze and compare the characteristics of all marketstructure with respect to the given secto..
Everyone who has baked with the new flour loves it, but she is having trouble getting potential consumers to the desire stage of the AIDA concept.
Since the movie, Avatar, 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies. Please analyze the impact of 3-D movies on The price elasticity of demand on 2-D movies? The total revenue of movie theater..
Illustrate what would be the cost saving of this change
Calculate the effect that hiring the new policemen would have on the social cost of crimes committed - calculate the effect it would have on the cost of trying and punishing offenders.
The business cycle is measured in terms of changes in real Gross Domestic Product and is associated with changes in the unemployment rate. The financial performance of most industries is affected by the business cycle, although not equally. Consider ..
Political Instability Abroad Suppose that political instability in other countries makes people fear for the value of their assets in these countries so that they desire to purchase more U.S assets. Refer to Political Instability Abroad. What would t..
Assume that you are the newly appointed head of the NCAA. Construct a framework for a new scholarship program that would entirely replace the existing system. Describe what should be its tenets if
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be er..
Consider the Tragedy of the Commons game with two shepherds, A and B. LetsA and sB denote the number of sheep each shepherd grazes on the common pasture. Assume the benefit per sheep equals 300−sA −sB. Compute the flock sizes and shepherds’ total ben..
What role do the measurements of unemployment and inflation have on the management of an organization?
A bright OU student plans to win first prize in the Ohio University Scripps Innovation Challenge that began Jan 17 and ends March 13. He will invest his $10,000 winnings in a friend’s 5-year-old startup company and expects to gain 10% interest per ye..
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