All Terrain Thinking

A Compendium of things I think are Important

Economics: It's not just whats' in your wallet

Questions of the Day
Firms: Who are They?

1. The textile industry is much older than the railroad industry, but it was the railroad industry that provided the real push behind the growth of the corporation in the American economy.  Based on the characteristics of the three types of firms, why do you think it was the railroad industry that was the catalyst for the corporate form of government?

2. Microsoft has been accused of monopolistic behavior.  What is a monopoly?

3. What company is ranked 20th on the Fortune 500 list for the US and what were its annual sales?

4. What company is ranked 20th on the Fortune Global 500 List and what were its annual sales?

5. Where are the corporate headquarters of Wal-Mart and Itochu Corporation?

6. Who is the CEO of IBM?

7. In microeconomics we will be studying the behavior of firms.  In our analysis, what is it that we assume about the goals of firms and what is the decision rule that will guide them in their input and output choices?

 

 

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