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What is Mercantilism?
Give an example in a Philippine Set up
Consider the following industry with four firms
Franchising in China is a relatively new and growing phenomenon which has gained momentum since the 1990s. Among the franchising pioneers in China are large and well-known food and beverage brands, such as KFC and McDonald's. What did Wang do as he p..
One of the reasons Joseph Schumpeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk-taking entrepreneurship in favor of low-risk managerial strategies. Has this happened? Have major ..
What is the relationship between Pigovian taxes and market failure? How do Pigovian taxes internalize externalities?
1. Explain the concept of diminishing marginal utility and describe the role that it plays in the utilitarian argument for redistribution of income.
According to Jared Diamond, what are the “roots of inequality” in the division of the world into ‘haves’ and ‘have-nots? What role has “the roots of inequality” played in the division of the world into ‘haves’ and ‘have-nots’ within today’s globaliza..
You have to decide whether or not it is worth your time to go on a date or to hang out with your friends. Either decision will increase your total utility, but you are constrained by your total income of $160.00. Find consumer optimum. at what point ..
A perfectly competitive firm is in the short run and has variable cost = 6q^2, and MC = 12q where q is the quantity of output produce.
Government creates many important and essential goods and services for our society, but over time, government tends to continue to add goods and services
Why do people accept money that does not have intrinsic value?
P is the price measured in a common currency used in both countries, such as the Thai Baht. Now assume that free trade occurs. The free-trade price goes to 56.36 Baht. Who exports and imports cameras and in what quantities?
In your opinion, how will the international trading and supply chain look in the future?
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