Two of the main market structures discussed in economics are monopolistic competition and monopoly. Analyse and discuss the main differences and similarities of the two models. Support your answer by providing an industry example for each model in a country’s business environment.
The Federal Reserve System (the Fed) has the authority given to it in 1913 to print and maintain the US dollar, monitor and regulate commercial banks, and act as the bank for the United States government. Should the Fed be independent of the executive branch of the government? Or should it be like other departments of the government like the Department of State with its secretary appointed by the president? Please post your point of view in a coherent way…
An essay is a somewhat short piece of writing that addresses a topic from your point of view. For this Essay Assignment: Review the Economic Development Measures presented in the textbook. Choose one that you feel is most effective in accurately measuring a country’s socio-economic conditions and economic development in a country. Support your choice with information and data from the readings and other sources. You should have at least two documented sources (book, article, internet) in addition to the…
TOPIC OF PAPER “A Comparative Analysis of two Wholesale Super Markets: Costco and Sam’s Club”. Note: You can analyze the total revenues of these two retailers for selected years; or you can analyze the sale of a particular type of product sold by these retailers. Your paper must have a CLEARLY DEFINED OBJECTIVE. The research component requires that you SPECIFY A METHODOLOGY to accomplish your objective. In addition, you must provide a section on LITERATURE REVIEW where you can quote…
What effect does innovation have on international trade and competitiveness? Relate your answer to international trade theories and illustrate with the relevant firm, industry, or country-level examples. This is the topic of the essay. There is a need to include references from reading material, which I will provide, and use theoretical aspects to back up the argument. Innovation and incentives Book by Suzanne Scotchmer c2004 Recommended The economics of innovation: an introduction Book by G. M. P. Swann c2009 Core…
Short Essay 1: 200 words Events: 2020 vice presidential debate and election * Describe/Define concept/point * Why is this important? * How may this impact/affect your country/community/ or you personally? Short Essay 2: 200 words Event: The impact of COVID 19 on the economy (unemployment and the general trend for small business) * Describe/Define concept/point * Why is this important? * How may this impact/affect your country/community/ or you personally? Short Essay 3: 200 words Event: Women in tech working…
Please answer the following questions in detail; ########### 1. Discuss and compare the advantages and disadvantages of survey methods and test marketing. 2. Does optimal use of an input (such as labor) mean maximizing average output (per unit of input)? Explain. 3. Explain the difference between diminishing returns and decreasing returns to scale 4. Over the next two years, labor costs are expected to be unchanged, but dress prices are expected to increase to $50. What effect will this have…
Sneakerhead Supply & Demand Argumentative Essay This week we are studying the principles of supply and demand through the lens of the Sneakerhead market. For the uninitiated, a Sneakerhead is someone who collects sneakers as an investment where they buy vintage or rare sneakers and hope their value increases so they can cash in and make a profit. This week you will do some research on the comic book and sneakers collectors market and prepare yourself to write an argumentative…
Go to http://storyofstuff.org/ (Links to an external site.) Click "Watch now" to see list of videos Click "Story of" videos button to see list of videos Watch the first video, the oldest one called “The Story of Stuff”. This 20-minute movie is about economics and sustainability, written and narrated by Annie Leonard. It became famous because she is blunt and opinionated. However, her statements are based on solid research. Well, it's meant to be thought provoking, and there's plenty you…
Answer these two economic questions with originality and precision. 1. What is a key challenge or opportunity presented by the COVID-19 pandemic and its consequences? Short answers (no more than 300 words). Your answer might capture a seemingly simple detail of public or private sector practice that you think doesn’t make sense or could be made much better. Or it could describe a big change in how we could live – or are living – our lives, or how our…