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Is Walmart Good for America? Read John Miller, “What’s Good for Wal-Mart” (article 4.4 in Real World Micro). Are lower prices at Wal-Mart necessarily good? Would it be a good or bad thing if Wal-Mart raised wages and raised prices? What would you need to know to answer these questions? What do you think? Explain and support your opinion!
q.the small city of le locle has been served by the same local newspaper for the last 30 years called the le locle
Assume you plan to invest $10,000 at one of the following interest rates. Order the interest rates in declining order of the amount of interest they would provide in one year
Every day, Ivan buys 2 cups of coffee and a sandwich for lunch. The price of coffee is $2 per cup and the price of a sandwich is $5. Ivan’s choice of lunch maximizes his utility, and he spends only $9 on lunch. Compare Ivan’s marginal utility for cof..
If the tax elasticity of labor supply were 0.19, by how much would the quantity of labor supplied increase among people in the top U.S. tax bracket if the highest marginal tax rate in the United States were reduced to the level of Bolivia?
write your own brief definition of the term "ethnocentrism." Then, discuss at least one example or phenomenon in which ethnocentrism plays a part. Finally, describe any situations in which you have experienced ethnocentrism, either negatively or posi..
Assume an economy without government and without trade. Suppose the Consumption function is given by C=100+0.8Y, whereas I=50. What is the equilibrium level of income in this case? What is the level of saving in equilibrium?
Based on the analysis of the bubble policy given in this chapter, discuss why transaction costs are so important in explaining the success or failure of the EPA's bubble program. How would you devise a program that minimized the transaction costs of ..
A petroleum refining and recovery service company, Cowboy Enterprises, purchased $13,790 worth of equipment for reconditioning fuels in its storage tanks. The equipment has a functional life of 14 years and a salvage value of 5% of the purchased pric..
Robert has a passion for making ice cream. Assume that ice cream parlors have a monopolistic competition market structure. Between the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's and Baskin Robbins, he has an uphill battle to break i..
Consider a simple one-period, closed economy model where the representative consumer has utility function u(C, l) and h available hours to divide between work and leisure. The representative firm has technology given by Y = zF(K, N^d ). Define a Comp..
Look at consumer economics from the global perspective, and list five issues or areas of concern that require international cooperation.
Define what a health insurance exchange is and how it is suppose to function? What economic value is to come from the insurance exchanges? What are the potential pitfalls?
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