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What do economists mean when they say that price floors and ceilings stifle the rationing function of prices and distort resource allocation?
Why are shortages or surpluses more likely with preset prices, such as those on tickets, than fl exible prices, such as those on gasoline?
How has the share of aggregate household income received by the lowest and highest income quintiles (fifths) changed?
Where does the state in which you are attending college, if different, rank? Speculate as to why a large gap separates the high-ranking and low- ranking states.
If the European euro were to decline in value in the foreign exchange market. How would depreciation of the euro change the dollar cost of your trip?
What is offshoring of white-collar service jobs and how does that practice relate to international trade? Why has it recently increased?
What is the purported benefit of fair-trade certification on purchases of goods such as chocolate, coffee, bananas, and tea?
Why do you see any evidence of the Hotelling rule? If not, try to find out what have been the main factors affecting the price of this resource.
What is a carbon tax? What is the economic rationale for such a tax? What kind of pollution is at the site?
Fill in the missing elements in the table. How many units should the monopolist produce? How does your answer change if marginal cost is $6?
Write an explanation of the monopoly pricing problem assuming the monopolist sets the price rather than choose quantity. Why is the outcome the same either way?
Explain why there is a greater incentive to innovate if final stage of competition is with small number of quantity-setting firm rather than price-setting firm.
Imagine there is a motorcycle dealer in your neighborhood. Why might the dealer be unwilling to sell the motorcycle to you?
If a US company operates in Europe, is it subject to European competition policy? What legal authority does the European Union have over US firms?
What would happen to the price and quantity of health-care services? What would happen to the quality?
Are there measures to protect consumers? Why don't sellers sell only low-quality goods to consumers who are not able to judge quality?
For the particular firm/business you selected,* describe the markets in which your firm participates that are monopolistically competitive.
What are the key elements of the scientific method and how does this method relate to economic principles and laws?
Use your program to calculate the markup and product price. Produce graphs to show how the product price will change as the elasticity of demand changes.
What products other than cars have a model year? Are new models introduced simultaneously or at different times of the year?
What is the current penalty on companies that do not meet the CAFE standard?
Why would you say that the market for higher education is a market with monopolistic competition or a monopoly? How does competition occur in that market?
What do car companies do to provide buyers with assurance over the functioning of the car? Why doesn't this happen in the health-care market?
(Advanced) If you were designing a policy of charging for road use, would you include or exempt taxis?
you were a seller of a used car and you knew it was high quality, would you have an incentive to offer the buyer a warranty on the car?