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Draw a graph of the labour markets for economics majors and business administration majors to illustrate explanation of the differences in starting salaries.
How many laptops will Keshia lease or buy? If the interest rate is 4 percent a year, will Keshia lease or buy her laptops?
Why do you think the Hotelling Principle applies to Canada's water? Explain why or why not. Will Canada eventually run out of water?
Explain why the demand for land in Pennsylvania has increased. What could cause the price of natural gas to fall in the future?
Draw a graph to illustrate the outcome you've described. How you expect inward migration from rest of Canada to influenced by tighter foreign worker regulation?
How can incomes become more unequally distributed within countries and less unequally distributed across countries?
Identify the market structure your chosen firm operates in, analyze your chosen firm's current market share, and identify the firm's local/global competitors.
Consider in the response the functions of business, entrepreneurship and production concerns. Be sure to define these areas and how they fit the company.
Write a paper on your understanding of the video and how the concept of Adam Smith could be applied to our current world.
What effect do you think deep ocean sources have had on the world oil price? Who will benefit from drilling for oil in the Gulf of Mexico?
If the market for retail labour is competitive, explain the potential effect of a union on the wage rates. Draw a graph to illustrate your answer.
Based upon evidence presented in this article, does Wal-Mart function as a monopsony in labour markets, or is the market for retail labour more competitive?
Explain the response by the Canadian Wal Mart to the unionization of employees.
Assuming that Wal-Mart has market power in a labour market, explain how the firm could use that market power in setting wages.
Miner Sacks 17,000 Workers Over Pay Dispute Impala Platinum has sacked 17,000. What would be the effect of a minimum wage law in the market for miners?
How would the wage rate and employment for the Rustenburg miners be determined in a competitive market?
Detroit Oil Refinery Expansion Approved Marathon Oil Saturday started work. Explain how rising gasoline prices influence the market for refinery labour.
Identify and explain the four areas that could lead to the shareholders being personally liable for the debts.
In which factor markets does Tim operate? What is the price of the capital equipment and the rental rate of capital?
What is a monopsony and why is a monopsony able to pay a lower wage rate than a firm in a competitive labour market?
What are the pros and cons of such democratic principles being embedded in a state constitution?
Which of the seven cases are natural monopolies and which are legal monopolies? Which can price discriminate, which cannot, and why?
A barrier to entry exists, but the good has some close substitutes. Explain in which of the seven cases might monopoly arise?
What determines the efficient amount of expressway maintenance and what might lead to under provision or overprovision of maintenance?
Analyze how ownership of these mineral resources will influence the amount of damage done to the Arctic Sea and its wildlife.