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What is the difference between a nominal tariff and an effective tariff? What is the usefulness of the concept of effective protection?
How is the real GDP calculated from the given data? Fill in the missing values of real GDP in the table.
Describe the economic outcome of this single-price monopoly in terms of profit. Provide one supporting fact to support your response.
Why would Marriott worry about the quality of hotels it doesn't own but franchises?
Which of the following statements support the reality that your standard of living is different from that of your parents or grandparents
Graph the market for water park business, labeling the demand curve, the social-value curve, the market equilibrium level of output,
Describe change management. What is the ultimate goal of change management?
Which one of the following is not essential for Central Bank success? Independence (isolation from political pressure)
How is the U.S. economy different from a command economy? Can the U.S. economy be called a true free market economy?
Which of the following is the best example of a long-run decision? An automobile manufacturing company is considering whether or not to invest
What is economics? What role does economics play in your personal and organizational decisions?
What other factors affected your decision? How important was your income as a factor? How important was the price of other goods as a factor?
What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions?
Identify two microeconomics and two macroeconomics principles or concepts from the simulation
What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits
What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets?
A short history of the organization and a description of their product
What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome?
What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?
Consider the following examples of economic activities: • Purchasing of groceries • Massive layoff of employees • Decrease in taxes
Discuss this week's objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate
Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
Expansionary fiscal policy tends to A. raise U.S. income, increase U.S. imports, and increase the trade deficit
Present and discuss an Internet personality or blogger somehow involved with ecommerce. This can be a vlogger via YouTube or another blogger
Distinguish between liquidity and solvency. Why are banks vulnerable to liquidity problems and how can a liquidity problem change into insolvency