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How would this legislation affect the employment level of low-skilled workers with three or more children?
If sellers of toasters were able to organize themselves, reduce their output, and raise their prices, how would economic efficiency be affected? Explain.
Analyze in your own words what is meant by external costs and external benefits. Why may market outcomes be less than ideal when externalities are present?
Discuss what are distinguishing characteristics of public goods? Give examples of a public good. Why public goods difficult for markets to allocate efficiently?
How will this tax increase affect (a) the quantity of cigarettes sold in New York City, (b) the revenue derived by the city and state from the tax.
Why should policy makers seek to set the tax on an economic activity at a rate that will maximize the revenue derived from the tax? Why or why not? Explain.
English philosopher John Locke argued that the protection of each individual's person. Why is the protection important to the efficient operation of an economy?
Analyze what forms of competition does a private-property, market-directed economy authorize? What forms does it prohibit?
Discuss who is helped and who is hurt by such prohibitions? How can owners who want to sell their tickets get around the prohibition?
Do individuals "economize"? If so, what are they trying to do? Do you economize when you shop at the mall? Why or why not?
Can you explain why the wages of painters have risen substantially even though their productivity has changed so little?
Discuss what is the objective of the entrepreneur when it comes to the use of his or her resources? What is the major function of the middleman?
Develop and modify things in ways that are beneficial to others? Explain. What is the law of comparative advantage?
What are the pro's of raising minimum wage? What are the con's of raising minimum wage?
Why is sporting activity so important to Adidas and Nike? What might the ‘subtle change of strategy' involve for Adidas?
What implications might this report have for cinema-related businesses in the UK? Can you identify some of the new problems facing cinema owners?
Forget the images of Stanch stair lifts, with a smiling old woman drifting up carpeted stairs. What business implications are implied by this case study?
Why are travel agents under threat? Who might be the winners and losers from the new GDS technology?
Identify and evaluate the major methods that a business might consider using in order to assess its competitive position.
To what extent would you agree that Porter's ‘five forces analysis' covers all we need to know about corporate strategy?
Examine the case for an increased use of outsourcing by a multinational enterprise located in the UK.
How might a firm use the ideas of corporate strategy to improve its situation? Use actual examples to illustrate your answer wherever appropriate.
How does the case study suggest international business strategies have changed over time? What have been the reasons for such change?
Determine the various ways in which a service may be booked. Consider the advantages and disadvantages of each from the viewpoints.
Compare two recent commercially provided experiences. In particular, identify those factors that enhance the experience and those that detract from it.