The following information appeared in the new york times online edition. nintendo and sony square off in handheld game market september 21, 2004 by reuters filed at 8: 48 a. m. et tokyo (reuters) - japan's nintendo co. ltd. struck the first blow in what is set to be an all-out war with sony corp. for the lucrative handheld game console market, aggressively pricing its new dual-screen model at $149.99 and setting its u. s. launch date for nov. 21. for its part, sony kept mum on the price and exact launch date of its long-awaited playstation portable (psp), but also went on the offensive for the christmas shopping season, saying it would release a smaller version of its playstation 2 console at $149 on nov. 1. what aspect of the promotion does this news story represent?

In which of the following situations would the price of a good be most likely to increase? a. a breakthrough in productive technology enables a company to increase its output. b. an increase in production costs results from a rise in wages. c. there's a sudden increase in the number of companies competing to sell the good. d. a drop in demand happens too quickly for producers to decrease production to keep up.

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.