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1. Discuss the arguments for the optimality of a perfectly competitive market structure.
- What advantages are there, if any to noncompetitive markets?
- Under what conditions might gov’t intervention improve market outcome in a perfectly competitive industry? Discuss.
Based on the newspaper government spending in the US is expected to rise through $30 billion next year. One of the senators of your state is touting how this increase in spending will lead to an rise in employment and aggregate output.
Elucidate why does the Fed like to fight inflation in our economy and is inflation a concern right now given our current economic situation.
a. Define GDP, giving what items comprise the GDP and then compute the value of GDP in Macronia b. Define net exports and the items that comprise it and compute the value of Net exports in Macronia c. Define disposable income and the items that ..
What is the value of the money multiplier and What are the nominal values of deposits, currency, and reserves
Explain how does the economist's use of the term rent differ from everyday usage.
The Portland Sea Dogs, AA affiliate of the Boston Red Sox major league baseball team, have enjoyed a surge in popularity.
James Pizzo is president of a company that is price leader in the industry; that is, it sets the price and the other firms sell all they want at that price.
A marketplace has only two sellers. Both are trying to decide on a pricing strategy.
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.
Imagine that it specializes in the production of computer hardware, and that its corporate culture involved the use of an aggressive valuation/accounting procedure (computer simulation) to report financial transactions in its income statement.
Why the characteristics of the labor marketplaces should result in the same wage rate for all jobs requiring the same level of abilities and skills.
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