Primarily, our discussions have been focused on the supply side of the basic economic model of supply and demand. We examined numerous models dealing with the matters of demand. This question is focused on the issues of supply. There are four basic industry formations: perfect competition, monopolistic competition, oligopoly and monopoly. Each is a gradation of a number of factors, but primarily it is about the ability of an individual firm to control the environment in which it operates. The topic of this question is very simple. Please ‘line up’ each of the industries, and provide me with your list of those characteristics of each that are the same, and those that are different. You should list them if they are similarities between one or two industries, and if they are dissimilar across one or two industries as well. Please remember that similarities of the decision making that takes place in a firm in each industry, and identify which are similar and which are dissimilar, and why. You should be concerned with the long run and the short run when considering your answers. You will note, I’m sure that it is important to identify for each of the industry formations, what the short run and the long
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MNEs do face a few issues with respect to knowledge management. Elaborate on these issues and the possible ways to combat them. Use examples to illustrate your points.
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. Taxes in Canada are one of the undeniable truths about our society. There are different kinds of taxes, however, and they are all onerous for those who are paying them. There are numerous opinions about the fairness and the unfairness of the taxes that we bear and those are identified by your authors in Chapter 12. It is important to understand why they believe that taxes are in need of reform. Please, first of all identify the reforms that are being discussed and analyzed. Then please provide me with the basis for your prioritizing them. In other words, which are ‘better’ and which are ‘worse’, from the point of view of a participant in the economy. You should consider that participant to be either a person who is earning salary or wages and a person who is earning income from a business.
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A $10,000 loan is to be repaid in monthly equal payments in 10 years with an annual effective interest rate of 19.56% charged against the unpaid balance. What principal remains to be paid after the third payment?
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Assume the reserve ratio is 10%
Formula: Potential Expansion Deposits = 1/Reserve Ratio x Excess Reserves
County National Bank
A |
L |
Reserves 20,000 |
100,000 Deposits |
ER = ______________________ Potential Expansion _____________________
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Describe two overall projections and their expected impact on the economy from the Monthly Labor Review "Projections-Overview and Highlights."
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Question 21.
Shelley is maximizing utility in her consumption of mansions and Porsches. If the marginal utility from her last purchased mansion is twice the marginal utility from her last purchased Porsche, then we know
A) Shelley buys twice as many mansions as Porsches.
B) Shelley buys twice as many Porsches as mansions.
C) Shelley buys more Porsches than mansions, but we do not know how many more.
D) the price of a mansion is twice the price of a Porsche.
E) the price of a Porsche is twice the price of a mansion.
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3. a. Illustrate the effects of the current increase the money supply on output in the both the short-run and long-run under natural rate theory using the AD/AS model.
b. Explain the lags that can influence the ability of monetary policy to address an economic downturn. Of the four lags, which are not important and which are important to monetary policy.
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Use supply and demand to explain and show the following real-world situations graphically and in a short paragraph. Be sure to explain what happens to the market quantity and price with a supply and demand diagram as precisely as possible.
a) The cost of producing sport utility vehicles (SUVs) decreases because tariffs are reduced on the steel and aluminum used to produce these vehicles. Explain what happens to the market quantity and price of SUVs.
b) The fungus Fusarium destroys 30% of worldwide banana production. Explain what happens to the market quantity and price of bananas.
c) On Valentine’s Day, the price of roses increased by more than the price of greeting cards. The price of greeting cards didn’t even appear to change. Why? You will want to use graphs of both the market for roses and the market for greeting cards to explain your answer.
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What are the stahes in the policy process and may you explain them. POLS. PUBLIC POLICY BOOK SIXTH EDITION BY KRAFT FURLONG
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