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What groups in society would you expect to be the most enthusiastic about Adam Smith's ideas? Why? What groups might be expected to oppose them?
For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with government policies aimed at reducing inequality
What is the difference between a traditional monopoly and a natural monopoly. Include the following points Identify the incentives to produce and price the product for a traditional monopoly and natural monopoly.
1.What is the Federal Reserve (Fed) all about 2.Who is the current Chairman of the Fed 3.Should the Fed remain independent from political authority or should the President and Congress have a say in their operations Why Why not
Use the following data for a pure monopoly to calculate the firm's-its profit-maximizing output level and produce price;
Tests are supervised by skilled mechanics utilizing equipment produced by two leading competitors in the auto test equipment company
Illustrtae which single type of product has the greatest impact on your employer
Picture yourself living in the period following the Civil War. Would you support a central banking system? Why or why not?
An early goldsmith banker earned a profit (sometimes a large profit) simply by writing notes to certify that a person had deposited a certain amoumt of gold in his vault. By writing more notes than the amount of gold held
Consider two firms competing in prices and selling a homogeneous product. The market demand curve is p = 100 - q and the constant marginal costs of the two firms are 10 and 20 respectively. Also, suppose all prices should be integer numbers.
Explain how would an increase in the present rate of oil affect the time of development if the rate of price increase in the future remains at 2%.
A marketplace has only two sellers. Both are trying to decide on a pricing strategy.
A country has experienced a recession during which, in addition to the decline in output and the increase in unemployment, there is a reduction in interest rates. discuss the possible causes behind this receesio
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