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1. Why should countries engage in international trade rather than remaining self-sufficient and avoiding the unfair competition of low-paid foreign workers?
2. If our country can make everything better and cheaper than foreigners, why would we have any reason to be involved in international trade?
3. Should we buy American instead of outsourcing trade and jobs to foreigners?
4. If we do engage in foreign trade, should we limit foreign trade to nations that engage in fair trade by giving us access to their domestic markets and reciprocal import tariff reductions that mirror our tariff reductions on our imports from them?
Potential gains from trade in selling insurance to healthy people are lost unless the company can devise a way to address the adverse selection problem.
Is the "long run" the same calendar time for all firms? Explain. You want to estimate the cost of materials used to produce a particular product.
Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic?
Discuss how the concepts addressed in this course would or could benefit someone not planning a career in economics. Explain your rationale
Does a monopolist achieve efficiency in its production (that is, does it produce where MR = MC)? Will society face a welfare loss in a monopolistic market?
Its central staff has decision rights to ensure a standard presentation is presented in all editions. Discuss the pluses and minuses of Microsoft's policy relative to Encylopedia Britannica's.
What incentive conflicts exist in corporations? What mechanisms are used to address the incentive conflicts in corporations? What costs do incentive conflicts in corporations generate?
The Manager of your corporation pension fund is compensated based entirely on fund performance; he received over $1.2 million last year.
Now that many businesses have upgraded to an online platform, are paper catalogs a thing of the last? Let's look at this from both sides of the table, both the customers and the manager.
Discuss and explain the individual contributions that could be made through a cross-functional team to the following list of activities.
1. Why do banks hold a range of assets of varying degrees of liquidity and profitability?
Compare the relative benefits of subsidies and high minimum prices (as under the CAP) to
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