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What could the Philippine government do to increase export? What does a low saving rate imply about the future prospects of the Philippine economy?
Evaluate the following statement: To achieve economic growth, an economy requires lots of resources, including land, and low rate of population growth.
With trade deficits come foreign capital inflows into the Philippines - that is, investment in the Philippine plant and equipment by foreigners. In the long run, is this good or had, economically, for the Philippines?
The market consists of Allen and Bernard. Allen has the labor supply curve described in the following function: What is Allen’s reservation wage? What is Bernard’s reservation wage? What is the market labor supply curve? Draw the market labor supply ..
What causes the total change of money supply to be less than before?
Under what conditions should a manager use each of the following rules/options for pricing decisions: (a) Maximax Rule; (b) Maximin Rule; (c) Minimax Regret Rule; and (d) Equal Probability Rule? Also address the potential pitfalls of using each rule.
In 541 AD an outbreak of bubonic plague hit the Byzantine Empire. Because the plague was spread by flea-invested rats the often lived on ships, ports were
STHL, manufactures gasoline-powered chain saws for professional, commercial, farm, and consumer markets. To “better serve” their customers, STHL offers its chain saws in four different quality lines and associated ranges: Occasional use, midrange, pr..
What is yield management? Why does yield management often result in ticket price increases as one gets closer to the flight date even though the airline runs the risk of some seats going empty?
Which of the following statements concerning the effects of fluctuating exchange rates on companies competing in foreign markets is NOT true.? Exchange rate shifts can produce sometimes favorable and sometimes unfavorable effects on a company's comp..
Consider an antique auction where bidders have independent private values. There are two bidders, each of whom perceives that valuations are uniformly distributed between $100 and $1,000. One of the bidders is Sue, who knows her own valuation is $200..
The supply curve illustrates: A. that limited resources are available for society to use. B. the willingness to produce a good if the technology to produce it becomes available. C. the cost of producing a good. D. the relationship between the quantit..
You work for SneauxCeauxne, the Cajun-inspired crushed-ice dessert company. You've collected data on monthly sales (S, number of snow-cones per month)
New entrants into an industry often find that they must advertise heavily in order to have even a chance of success. Does this mean that advertising is a barrier to entry? What advantage does advertising play? Be sure to answer this question by inclu..
Briefly explain whether it is possible for firms in a perfectly competitive market to earn zero economic profit even if they have incurred a sunk cost upon entry into the market. Given an example of such a cost.
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