A company producing home appliances faces tough competition from three major competitors. Together, these companies dominate the market. What type of market structure does this represent?

Ryan builds custom furniture and sources materials from multiple vendors. He benefits from regulations that ensure he has reliable agreements with his suppliers. What legal support is most critical to Ryan’s business?

Amir expressed concern to his friend Lila about how much the cost of living seems to have increased over the past year. Lila argued that while prices for some goods have risen, others, such as housing, have become more affordable. What economic measure could they refer to for a clearer understanding of the price changes?

Jacob is looking into starting a fitness studio and has identified young professionals as a key customer base. He is analyzing trends such as health awareness, disposable income levels, and lifestyle preferences to evaluate the long-term potential of his business. What kind of external trend is Jacob studying?

The chair of the Federal Reserve Bank spoke to the American public. The message she conveyed is that Fed economists are worried about inflation and believe the best course of action would be to slow the economy. Which policy is the Fed most likely to pursue?

If a country’s economy is operating at near-full employment with businesses running at maximum capacity, what action might its central bank take to slow economic growth and prevent inflation?

Olivia recently graduated with honors and believes her academic success guarantees her a thriving career without needing further skills training. How does her view align with the realities of the modern workplace?

Exam will include short-answer questions and essay type questions and they will cover materials from the reading, Discussion, and the additional course materials. The list of exam questions will be shared by the end of Week 5 to help you prepare. Exams will be proctored. You are expected to take exams as scheduled. Failure to do so will result in a zero for the missed exam. Only under exceptional circumstances will make-up exams be permitted. A new and alternative exam will be written for this purpose, and the content and format may differ from the original exam format. Make-up exams will only be granted when all three of the following conditions are met: 1) the student notifies me at least 24 hours prior to the scheduled exam time; 2) the circumstances are extenuating; and 3) the student presents proof of the extenuating circumstances.

Choose ONE of the following: Evaluate the most significant similarity between absolutism in France during the reign of Louis XIV and absolutism in Russia during the reign of Peter the Great. Evaluate the most significant effect of the Enlightenment on European society during the period 1688 to 1815.

Choose ONE of the following: Evaluate the most significant difference between the political consequences of Britain’s Glorious Revolution and the political consequences of the French Revolution.   Evaluate the most significant effect of population growth in Europe within the period 1700-1800.