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Business corporations are a basic form of entrepreneurship. When you think of a corporation do you think of a big bureaucratic organization or a nimble company?
In late 2006 and early 2007, orange crops in Florida were smaller than expected. What is likely impact of these two events on food prices in the United States?
If a hard freeze eliminates Brazil's premium coffee crop, what will happen to the price of premium coffee?
Given the uncertainty associated with building additional production capacity in the polysilicon industry, what might these manufacturers do to reduce the risk?
If the demand for surfboards remains constant over the next few years, what would you expect to see happen on the supply side in this industry?
How would such a study affect the public's demand for wine? Would it have an impact on the type of grapes planted in new vineyards?
Both individual and market demand curves have negative slopes and reflect the law of demand. What is the difference between the two curves?
Why do you think rental companies turned their normal pricing structure on its head?
Wade and Marti are thinking about swapping services. If Wade works one hour he can type two pages of a report or clean.Who has the absolute advantage in typing?
Who would bear the burden of a tariff on foreign-car imports-U. S. consumers or foreign producers? Defend your answer.
Are fixed exchange rates better than flexible rates? List the advantages and disadvantages of each system. Which do you think is best?
Compare and contrast the effectiveness of contractionary monetary and fiscal policies under flexible exchange rates. Which policy is more effective? Explain.
What is the difference, if any, between your two answers? Explain. Should the FRS defend the dollar? Defend your answer.
You are a member of the President's Council of Economic Advisors. What would you recommend? Sketch your plan and explain why you have picked this policy.
This chapter listed several national and international economic goals. What other economic, social, or political goals guide national policy?
Is the future full of depression and economic collapse? What are the arguments on each side of the issue? Where do you stand?
What reasons might explain why even though our lives have improved, people feel that life was better in an earlier time?
How landscaping or fast-food franchises treat their employees? Is this fair? Is it efficient?
If people follow incentives, what can the government do to encourage the purchase of hybrids?
Next Wednesday night, the college is having a free concert on the main campus. What is the opportunity cost of going to the free concert?
People talk about a boom in the housing market. What groups would be hurt by this? What would this likely do to the housing market?
What happens to the groups you discussed earlier? Assume the housing market is booming, but the economy starts to go into a recession.
Discuss how economic prosperity and security for everyone can result in a more peaceful planet.
Describe how a country producing more capital goods rather than consumer goods ends up in future with a PPF that is larger than country that produces more good.
List the way an economy can grow given the discussion in this chapter. Describe how opportunity cost is shown on a PPF.