International Political Economics
In: Economics
what is the difference between economic output and economic growth?
In: Economics
How to Calculate the inflation rate for a known year solution to an unknown year solution (2020–2021) period using the GDP deflator based on the Laspeyres, Paasche, and chain-weighted indexes of GDP..
In: Economics
Consider the following game that has two players. Player A has three actions, and player B has three actions. Player A can either play Top, Middle or Bottom, whereas player B can play Left, Middle or Right. The payoffs are shown in the following matrix. Notice that a payoff to player A has been omitted (denoted by x).
Player B
| Left | Middle | Right | |
| Top | (-1,1) | (0,3) | (1,10) |
| Middle | (2,0) | (-2,-2) | (-1,-1) |
| Bottom | (x,-1) | (1,2) | (3,2) |
(player A)
Both players choose their actions separately and simultaneously. Each must decide what to do knowing the available actions and payoffs but not what the other will actually choose. Each player believes the other to be rational and self-interested.
a) Determine the range of values of x such that Player A HAS a strictly dominant strategy.
b) List Player B’s best responses to Player A’s actions.
c) Suppose that Player A has a strictly dominant strategy. Find all the Nash equilibrium/equilibria to the game.
d) Suppose that Player A does NOT have a dominant strategy. Find all the Nash Equilibria
In: Economics
“Reaching full employment, where everyone who is available for work should be able to find a job, is one of the main economic policy targets for the government.” Please discuss.
In: Economics
What are the factors that affect the demand ,supply and elasticity of Australia fresh food industry?
In: Economics
Why EI (Employment Isurance) increase a frictional unemployment?
Why not cyclical unemployment, the number of discouraged workers and structural unemployment?
In: Economics
Happy Brewing company has a quality improvement strategy. The company has 200 employess, including packers, brewers, technicians, bottlers who work in teams within the brewery. Discuss how Happy Brewing Company design reward package for it's workers to align with this strategy of quality improvement.
In: Economics
3. What stage of integration is NAFTA and where do you think it will be by 2025?
4. How is USMCA different from NAFTA?
In: Economics
A friend tells you that he plans to open a business in which he will entertain children at birthday parties. He says he will offer a new entertainment in which he dresses up like a dinosaur, something many children love.
What do you advise him about the possible future of his business? In your answer use the concepts of economies of scale, barriers to entry, and monopolistic competition.
In: Economics
in the war for talent, attracting the best staff is a competition between organisations. Discuss the ways that employer can attract the best people both internally and externally. In your answer. you should provide specific examples.
In: Economics
In: Economics
A friend tells you that he plans to open a business in which he will entertain children at birthday parties. He says he will offer a new entertainment in which he dresses up like a dinosaur, something many children love.
What do you advise him about the possible future of his business? In your answer use the concepts of economies of scale, barriers to entry, and monopolistic competition.
In: Economics
Job analysis is a key HR activity that is necessary for the success of many other HR practices. Discuss the linkages between job analysis and other key HR practices, such as recruitment. Ensure you prefer to atleast three HR practices in your answer
In: Economics
1.) You would expect to find product differentiation in which market structures?
a. Natural monopoly and oligopoly
b. Oligopoly and monopolistic competition
c. Monopolistic competition and monopoly
d. Very competitive markets only
2.)A firm should not shut down if
a. It can cover variable costs
b. All of these
c. Variable costs are greater than fixed costs
d. Fixed costs are very low
3.)If marginal cost is greater than marginal revenue the firm should
a. Exit the market
b. Shutdown
c. Reduce output
d. Increase output
In: Economics