Tag: Oligopoly

 Explain rationally what happens in reality. Include terms like demand, supply, variable and fixed costs, marginal or incremental changes, marginal and average costs, price elasticity, income elasticity, maximization, minimization, normal profit, competitive markets, product differentiation, market structure, oligopoly, and other relevant terms.

An Analysis of COVID-19 Pandemic and Retail Sales of Consumer Goods

Explain rationally what happens in reality. Include terms like demand, supply, variable and fixed costs, marginal or incremental changes, marginal and average costs, price elasticity, income elasticity, maximization, minimization, normal profit, competitive markets, product differentiation, market structure, oligopoly, and other relevant terms.

 

What’s considered to be the practical measurement of ‘full’ employment?What’s the difference between Monetary Policy and Fiscal Policy, and what entities set them?

For inclusivity, the questions are pasted below:

What is a business?

What is the difference between revenue and profit?

Watch the video linked here and answer the question: Why is cash flow more important than profit?
https://www.youtube.com/watch?v=cVh1i0inJhQ (Links to an external site.)

Who are owners?

Who are stakeholders?

Briefly define the 5 functional areas.

Briefly describe the components of PESTEL.

8. (3 points) Watch the video linked here – https://vtechworks.lib.vt.edu/handle/10919/88014 – and tell me which was a better learning experience for you, the text or this video. (Copy and paste the link into a browser if necessary.)

For inclusivity, the questions are pasted below:

What is economics?

What are resources and provide examples.

Explain in your own words Figure 1.

Briefly describe:

a. Planned Economic Systems
b. Free Market Economic Systems
c. Mixed Market Economic Systems

Which system in question 4 describes the United States?

Define perfect competition.

Define these terms:

a. Monopolistic Competition
b. Oligopoly
c. Monopoly

What are the 3 main goals of the world’s economies?

What is meant by GDP?

What’s considered to be the practical measurement of ‘full’ employment?

How is the unemployment rate measured?

Why is price stability important?

What’s the CPI?

What’s the difference between Monetary Policy and Fiscal Policy, and what entities set them?

Watch the video embedded in the link and briefly explain why it is important to start adopting a different view of capitalism? https://www.edx.org/course/sustainable-development-the-post-capitalist-order