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An ice-cream company has hired two sales persons to run two ice-cream stores on a beach. These two employees will receive a fixed salary regardless of the number of ice creams that they sell and the
Calculate the major economic justifications for state intervention used by mercantilists? Determine the major types of problems with state intervention as they pertain to international political
A less-developed country has a saving rate of 10 percent per year and a population growth rate of 4 percent per year. A developed country has a saving rate of 28 percent and a population growth rate
Is technology the critical driver of globalization? Calculate the nature of this argument conceived by: mercantilism, liberalism, and Marxism?
Recognize two of the beneficiaries of the secondary markets (of the multi-sided network effects) for Windows OS. And recognize the nature of the value of the network effect?
The term "globalization" is increasingly being used in the study of international political economy and international relation. Increasingly, also, there are debates surrounding the definition of th
Determine that you are an investor who wants to invest in a country that has a high gross national income (GNI) per capita. If the following countries would most likely qualify as a prospective cou
On the way home, Jake was involved in an accident that was his fault. Jake drove Amanda's truck to the football bowl game because his car was broken.
Suppose the demand function for scooters is given by the QD = 20,000 - 10P + 0.2I, where P = price of a scooter, and I = average income of consumers. Also, assume the supply function of scooters is
Determine the prices when the firm discriminates among the two consumers. Is this a good strategy, or should the firm charge the same price to both of them?
A typical university football program requires alumni to join one of several booster clubs (each club gets seats in different parts of the stadium) before the person can buy season tickets. What ha
One of them will be paid one year from today and the other will be paid two years from today. Two payments of $1,000 are to be made. Which has the greater present value? Why?
Briefly describe how you would calculate the overall attractiveness of a country as a potential market and/or investment site.
Assume that Ellen has $I to spend on goods x and y: The price of good x is px and the price of good y is p y: Write the Ellen's budget line and draw it. Specify the slope, as well as the vertical a
Calculate the major economic justifications for state intervention used by the mercantilists and determine the major types of problems with state intervention as they pertain to internation
Describe the liberal perspective on markets and the state with precise reference to the Keynes/Hayek debate. Discuss why are the differences among them vital for understanding contemporary internat
Determine what impact does the imposition of a tariff normally have on a nation's terms of trade and volume of trade?
An economy begins in the long-run equilibrium, and then a change in government regulations permits the banks to start paying interest on checking accounts.
Discuss how much revenue will the government raise by taxing Beatriz? Discuss how does that revenue compare to her economic losses? Does the new tax raise enough revenue for the government to compen
The price of butter is $0.25 per ounce and the price of bread is $0.50 per pound. Channing has $10 in income. Sketch Channing's budget line.
Ada prefers to eat soup and bread in fixed proportions for lunch. When she eats X pints of soup, she prefers to eat 2X ounces of bread.
Determine the monopolist's profit-maximizing price if both groups are charged the same price? At this price, discuss how much is sold to members of each group? What is the profit?
In September 2012 A Wall Street Journal offered the following opinion of the bond market, when inflation rate was about 2%: "Someone buying long-term bonds yielding 1.5% or 2% and then seeing consum
A not-for-profit entity has $70 to spend on two different projects, project 1 and project 2. The benefits derived from the projects at different levels of expenditures are shown in the table below.
Determine the impacts that the pharmaceutical company that makes the medications in question will experience? Discuss how will that affect the pharmaceutical company's production decisions? What abo