Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

MPE781 Economics For Managers

tag 0 Download 13 Pages / 3,037 Words tag 07-07-2021

Questions:

1.

(a) What are the ‘hidden fees’ discussed in the article above? Why are they considered hidden? Give one other example of hidden fees based on another type of good or service (not in the article).

(b) Give one example of an actual government policy/law that has attempted to counteract problems associated with hidden fees and comment, using your knowledge of economic theory, on how successful you think the policy is (not in the article).

2.

“These hidden fees, the report argues, can weaken the overall economy by making itless efficient.” Do hidden fees actually make the economy less efficient? If so, how? When answering, ensure you first clearly define the concept of efficiency.

3.

(a) In the previous question, it is implied that hidden fees cause a lack of competition. However, it is also the case that hidden fees are the result of a lack of competition. Discuss why this might be the case.

(b) Given this, what policies can governments pursue to reduce the practise of hidden fees without directly prohibiting the use of hidden fees?

4.

If hidden fees are profitable to sellers, then why don’t we observe hidden fees in all markets (e.g. the market for oranges)? Clearly goods and services with certain characteristics are more likely to be able to utilise and benefit from hidden fees.

Identify these characteristics and give appropriate rationale for each of them.

5.

(a) The two goods discussed in the article are exports for the USA. How do hidden fees affect the importing (tourist/visitor) countries? Discuss specifically in terms of goods that are substitutes to international tourism, and the resultant changes to the market equilibriums and also surplus distributions of these goods.

(b) Consider the market for US dollars. The USA supplies US dollars and the rest of the world demands it. The interaction of demand and supply curves determine the exchange rate of US dollars vis-à-vis other countries. Given this, illustrate (using a fully-labelled graph) how the use of hidden fees in these export goods markets may potentially affect the exchange of the US dollars vis-à-vis another country that is importing such goods.

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 13 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). MPE781 Economics For Managers. Retrieved from https://myassignmenthelp.com/free-samples/mpe781-economics-for-managers/efficient-economic-growth.html.

My Assignment Help (2021) MPE781 Economics For Managers [Online]. Available from: https://myassignmenthelp.com/free-samples/mpe781-economics-for-managers/efficient-economic-growth.html
[Accessed 28 January 2023].

My Assignment Help. 'MPE781 Economics For Managers' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/mpe781-economics-for-managers/efficient-economic-growth.html> accessed 28 January 2023.

My Assignment Help. MPE781 Economics For Managers [Internet]. My Assignment Help. 2021 [cited 28 January 2023]. Available from: https://myassignmenthelp.com/free-samples/mpe781-economics-for-managers/efficient-economic-growth.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?
close
Subtraction Payment required!

Only one step away from your solution of order no.