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Nearly all critics agree that consumers have the most benefits in a perfectly competitive market.*Do you agree? Why or why not?*Provide at least two reasons to support your argument.*Name the circumstances which indicate an oligopolistic market structure and discuss a real life example of such a market structure.*What are the most significant differences between oligopolistic and perfect competition from the consumer's point of view and from the firm's point of view?
The Fed should simply raise the money supply at same rate that full employment economy increase, and the government should desist from any stabilizing urges.
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
Provide high domestic interest rates, what is the economic outlook for these Asian countries in the next few years.
Under which circumstances is it best for a speculator seeking a capital gain to purchase bonds and If the market interest rates on other similar bonds decreases, you can be sure that?
What is the rationally expected inflation rate and the answer to this point is functional to better understand the next ones: (b) and (c)
Define scarcity and Opportunity cost. Scarcity is the fundamental economic difficulty of having seemingly unlimited human needs and desires, in a world of limited resources.
Comparing which is the current quote has the Japanese dollar appreciated or depreciated.
After natural disasters, such as hurricanes, some commentators point to 'bright-side'. It is, for example, often pointed out that natural disasters reason GDP for a region to spike upward during the post disaster cleanup.
Answer the next three questions on the basis of the following production possibilies data for Francia and Galacia. All data are in tons.
What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened?
Suppose which major function of profit is to allocate resources according to consumer preferences
Determine which of the two investment projects of Problem 1 the manager should choose if the discount rate of the firm is 20 percent.
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