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1) GM entered the Chinese market at a time when demand was very limited. Why? What was the strategic rational?
2) Why did GM enter through a joint venture with SAIC? What are the benefits of this approach? What are the potential risks here?
3) Why did GM not simply license its technology to SAIC? Why did it not export cars from the United States?
4) Why has the joint venture been successful to date?
q1. the jones company has just completed the third year of a five-year macrs recovery period for a piece of equipment
Which of the following is not an assumption of the theory of consumer behavior described in this chapter? In deciding what to buy, the consumer will choose the good with the:
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Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it.
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Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
Explain clearly what the "phantom" or compensated budget constraint represents. Explain clearly what the income and substitution effects are. Use examples if you wish.
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