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Question: A century ago, most British imports came from relatively distant locations: North America, Latin America, and Asia.
How does this fit in with the changing types of goods that make up world trade?
Question: Briefly describe a specific instance of a CRM usage, and outline the pros and cons.
Describe the four major economic flows that link the United States with other nations and provide a specific example to illustrate each flow.
Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well):
Explain and illustrate your answer graphically. A) The destruction of a portion of the nation's capital stock in a war.
Calculate the following: a. Explicit costs (list the items). b. Implicit costs (list the items). c. Accounting profit. d. Economic profit.
Suppose now that both models are introduced on the market. What are the optimal prices for the two models (make sure to explain your reasoning very carefully).
Which one of these articles did you find most intriguing and why?
Write down the firm's profit function and the firm's long run profit maximisation problem.
What are some lower-cost sources the organization can utilize to reduce costs?
Question: Discuss ways firms establish barriers to entry and explain how they benefit firms but not consumers.
Demonstrate, using supply and demand analysis, the impact on the equilibrium price and quantity of new Hybrid automobiles when the following occurs.
What are the primary functions of the Fed? What role does the Federal Open Market Committee (FOMC) play in our economy?
Identify and describe four causes (i.e., types) of unemployment.
Does marketing reflect the needs and wants of consumers or does marketing shape consumer needs and wants?
Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations.
If you were to develop a marketing plan for an existing company, which company would you choose and why?
1. What is the elasticity of the demand for cookbooks bought this way? 2. Is the business worth pursuing so far? 3. Why or why not?
What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users.
Explain how a tax or an increase of an already existing tax on the good the firm produces would affect the price and quantity sold of the product.
Discuss the limitations of the U.S. "supply side" policy in the war on drugs. Can we win the war on drugs? explain your position on legalization.
Examine the effects of a change in the money supply in an open economy under a flexible exchange rate system.
Suppose all firms in a perfectly competitive market structure are in long-run equilibrium. What effect, if any, will the tax have on market adjustment?
1. graph each country's production possibilites curve. 2. On the graph for Mali, a. show a production point not attainable at this time