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The key strategy for firms to protect their profits in the short run and long run in the real world is through lowering prices to keep potential rivals from entering the industry. Comment.      

INTRODUCTION Lowering prices can be a type of barriers to entry. Barriers to entry are obstacles that prevent new rival firms from entering the industry and eroding the incumbent firm’s profits. They may be either natural or created. They form the basis of monopoly power. The barriers can be classified as economic and institutional barriers. …

The key strategy for firms to protect their profits in the short run and long run in the real world is through lowering prices to keep potential rivals from entering the industry. Comment.       Read More »

Do you agree that the Singapore government focus should always be to correct a balance of payments deficit?                                                        

Intro: Most governments aim to achieve the various macroeconomic objectives of low inflation, low unemployment, healthy balance of payments and sustained growth. As it is difficult to achieve all these objectives simultaneously, government may need to prioritise the objectives. In the case of the Singapore government, there is a need to focus on achieving a …

Do you agree that the Singapore government focus should always be to correct a balance of payments deficit?                                                         Read More »

Discuss whether the imposition of a $100 mandatory fee per day is the best solution to alleviate the social impact of casino gambling in Singapore.

Thesis : the imposition of a $100 mandatory fee per day is the best solution to alleviate the social impact of casino gambling in Singapore Evaluation: Anti-Thesis : the imposition of a $100 mandatory fee per day may not be the best solution to alleviate the social impact of casino gambling in Singapore. Evaluation : …

Discuss whether the imposition of a $100 mandatory fee per day is the best solution to alleviate the social impact of casino gambling in Singapore. Read More »

Discuss the view that high-speed economic growth will not solve a country’s unemployment problem.        

Introduction: High-speed economic growth may bring about large increases in employment levels but growth alone may not solve the unemployment problem completely. In fact, high-speed growth could sometimes worsen unemployment problems. Body: Thesis: High-speed economic growth will solve a country’s unemployment problem Antithesis: High-speed economic growth will not solve a country’s unemployment problem Conclusion/Synthesis: Whether …

Discuss the view that high-speed economic growth will not solve a country’s unemployment problem.         Read More »

Assess the extent to which an improvement in the living standards of an economy requires that managing inflation be the top economic priority.

Introduction Body Thesis: Managing inflation should be the top economic priority to achieve better living standards [One can choose to either explain the problem of inflation OR explain how managing inflation will improve living standards] [One can choose to either explain that due to trade-offs, conflicts in macroeconomic objectives, managing inflation alone will not improve …

Assess the extent to which an improvement in the living standards of an economy requires that managing inflation be the top economic priority. Read More »