Question: Suppose a city passes a law requiring that all coffee sold in the city be brewed using Fair Trade, Shade Grown, No Pesticide coffee beans. These coffee beans can cost more than twice as much as conventional ble ...
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Discuss transportation and logistics management policy. What impact does policy (local, state, and/or federal) have on transportation? For example, how does policy affect a retailer in trying to get their product from a ...
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Question: Assume that popcorn and potato chips are substitutes, and popcorn and cola are complements. a. How does a ceiling price (below equilibrium) on popcorn affect the price of cola? Explain. b. Start the problem ove ...
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Question: Describe how the world has changed in terms of global trade in the past 10 years. Based on the assigned readings, what do you think developed countries such as the United States, Japan, Germany, and England wil ...
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Question: The Brazilian real devalued by approximately 40% in 1999. Assume that Brazil's largest trading partner is Argentina. What effect would this eventually have on the Argentine peso even if that country had a balan ...
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Question: Explain which factors would cause the IS curve to be steeper, and which would cause it to be flatter. When is the IS curve more likely to be steep - during recessions or booms? The response must be typed, singl ...
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Question: The demand for tables is P=24-2Q and the supply is P=Q. If the government were to impose a price floor of $12, What is the deadweight loss created by the price floor? The response must be typed, single spaced, ...
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Question - A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for facilities, and it was decided to provide $250,000 at the end of each year forever to cover operating expenses. ...
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Question: A common economic experiment is called the "ultimatum game." Subject A receives a small amount of cash, say $10. She can give some whole dollar amount to subject B, a stranger whom she cannot see and who cannot ...
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Quesiton: A third price auction is similar to a Vickrey auction except that the winner (the bidder with the highest bid) pays the third higest bid. Is it a dominant strategy in this auction to bid one's valuation? If yes ...
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