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f a price-control policy is this? Who gains? Who loses? Are there alterna
tives to this legislation for achieving the same policy objectives? What r
ole do demand and supply elasticities play in determining outcomes?
Name some of the ways firms attempt to control their costs. How does
your firm control costs? The key here in keeping this question interesti
ng is that reducing the workforce or having one person do the work of
three people are not the only ways to control costs. I'm looking for mo
re creative ways. Maybe you can think of some that your firm is not cur
rently using. Be creative here.
out your experiences. If not, comment on this week's tutorial, "The Priv
ate Sector."
The healthcare sector is often cited as being fraught with just about ev
ery economic imperfection that is known to humankind. Can you identi
fy and briefly describe ONE of these imperfections? Do you know of an
y examples?
What have been some major causes of the large U.S. trade deficits sinc
e 1992? What is a major benefit (you could address that issue) or a maj
or cost (or you could address that issue) associated with trade deficits?
about those required to fight inflation? What are some of the downside
risks and potential problems involved when using monetary policy?