Different countries have different market structures. Explain
the different types of markets. What role does the government play
in the different markets? Support your argument with practical
example from any country in the world.
Identify the different types of financial markets and financial
institutions, and explain how these markets and institutions
enhance capital allocation.
What are some of the different types of budgets used by a
manufacturing organization? What are these budgets used for? Are
these same budgets used by service organizations? Why or why
not?
Understanding Markets a. What are the two types of markets in
the Circular Flow Model and how do they differ?
b. What are 4 characteristics that all markets have in
common?
c. Adam Smith in 1776 wrote that shortages and surpluses, like
_________________________ would move the market to equilibrium.
How do you understand price discrimination and what are some
different types? Do you have some personal examples and do you
think it is fair for consumers? What are the marketers' motivations
to exercise price discrimination?