Discussion

Is Microsoft a monopoly? Is the electric power industry in California an oligopoly? Explain your reasoning for each.

Economic Problems

Chapter 3 # 2 Economists Edward Lazear and Robert Michael have calculated that the average family spend two and a half times as much on each adult as they do each child. a) Does this mean that children are deprived and that the distribution is unfair? b) Do you think these percentages change with family income? If so, how? c) Do you think that the allocation would be different in a family in a Soviet-style socialist country than in a capitalist country? Why? Chapter 3 # 4 One of the specific problems Soviet-style socialist economics had was keeping up with capitalist countries technology. a) Can you think of any reason inherent in a centrally planned economy that would make innova... click for more

Principles of Economics

Find THREE current articles about the economy on http://www.economist.com Write a response identifying AT LEAST one of the ten principles of economics for each article.

Explain how non-value added costs can damage a company, it sales, it costs, and it’s value chain

Jet Set Travel, Inc. (JTI) has been hugely successful in the distribution of stylish, comfortable shoes for travel. JTI sells its products to approximately 4000 retail accounts in the United States and a mix of independent distributors, licenses, and subsidiaries in 35 countries around the world. Most footwear products are produced outside the United States. Please explain how non-value added costs can damage a company, it sales, it costs, and it’s value chain

Business cycles and inflation

Is there a relationship between the "business cycle" and "inflation"?