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Which factors decrease because of protectionism? choices are competition, job security, domestic production, goodwill trade partners, importation of goods.
An increase in quantity demanded is caused by
Explain the Prisoner’s Dilemma game, the notion of dominant strategy, and the concept of Nash equilibrium and cooperation. Using these concepts, then, analyze the following duopoly game.
Consider a market with an incumbent (I) and a potential entrant (E). The incumbent has innite capacity. Market demand is D(p) = 100 - p. Firms set prices and if the two firms have equal prices then I gets the entire demand. Find the subgame perfect N..
Transactions involving interest include which of these elements?
if the required reserve ratio is 10 percent, what is the monentary multiplier? if the monetary multiplier is 4, what is the required reserve ratio?
Suppose the bakery determines that the demand for its muffins has changed. The shop can now sell 300 muffins at 85 cents each. IF the price is reduced to 75 cents, the shop can sell 350 muffins. How many muffins must be sold to maximize revenue? Dete..
If the scatter plot between a dependent time series variable and an independent time series variable is curvilinear (curves upward over the data series) what should the forecaster investigate to improve the performance of a linear regression model fo..
List out at least one policy action that the Federal Reserve has taken to confirm that direction. Explain the effects of monetary policies on the economy's production and employment.
Traditional brick and mortar retail stores are losing their customer base while their online competitors are seeing phenomenal increase in the number of customers. Examine the differences and similarities (where possible) in the two modes of retail i..
Suppose the price of a Netflix subscription increases while the price of Redbox rentals stays the same. If Redbox is an inferior good, what happens to the number of Redbox DVDs rented?
Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 150 - 2Q. The cost function for each firm is C(Q) = 6Q. The total industry output will be
Developed produces two goods, manufactures and food, using three factors of production: capital, land and labor. The production of manufactures requires capital and labor, while the production of food uses land and labor. All the arable land is in th..
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