In the paper “Macro and Micro Economics: Comparison Study” the author compares main features and principles of both economics in form of questions and answers. Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole…
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The annual fees and interest rates will increase due to the increase in demand as opposed to supply
9. The Ivy League schools defended their price-fixing arrangement (see p. 253) by arguing that their coordination assured a fair distribution of scholarship aid. Who was hurt or helped by this arrangement
The needy were hurt by the arrangement because the price fixing arrangement meant that they were placed in the same category with the children from wealthier backgrounds. The wealthier students benefited as the arrangement meant that they had to pay lesser fees.
What is the source of Starbucks' "confidence" in the News on page 267
1. Name three products each for which you have (a) high brand loyalty and (b) low brand loyaltythehigh brand loyalty is on the following:
• Samsung products,
• McDonald’s burgers and,
On the other hand, low brand loyalty for:
• adidas shoes
8. How would our consumption of cereal change if cereal manufacturers stopped advertising? Would we be better or worse off? The consumption of cereal would go down because of absence of persuasion. We would be better off due to consumer sovereignty which is usually affected by advertisements.
In most cities local taxi fares are regulated. Should such regulation end? Who would gain or lose? The regulation should not end so that people may not be exploited. The taxi operators lose from the regulation but the passengers gain.
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(“Macro and Micro Economics: Comparison Study Coursework”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1662777-macro-and-micro-economics-comparison-study
(Macro and Micro Economics: Comparison Study Coursework)
“Macro and Micro Economics: Comparison Study Coursework”, n.d. https://studentshare.org/macro-microeconomics/1662777-macro-and-micro-economics-comparison-study.
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vaccinations against infectious diseases). Briefly suggest how government might intervene to correct this under-provision? 5 (C) The Consumer Price Index (CPI) is the official measure of inflation in the United Kingdom. Why might CPI not be an accurate measure of the costs of living for any given individual consumer?
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