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Define natural monopoly and tell whether or not it is a more acceptable version to meet the public's needs.
Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education?
Texas governor Rick Perry promised to put hundreds of cameras on the Texas-Mexico border and broadcast the video over the Web so anyone, anywhere could become a border patroller, helping root out border crime and illegal crossings. if the 200 cameras..
Midwest expects to begin using the warehouse again in 4 years. Another firm wants to lease the warehouse for 5 years with an option to renew.
To increase tax revenue, the US government in 1932 imposed a two-cent tax on checks written on deposits in bank accounts. Use the model of the money supply under fractional-reserve banking to discuss how this tac affected the money supply.
Describe the factors that influence wage setting. Write down the equation that represents wage setting, describe the effect of each factor in the equation/function, and draw the corresponding diagram. Clearly state the assumptions behind your analysi..
Through collective bargaining, the union negotiates a wage of $12.50 per hour. How many union workers are employed?
1. Give examples from the case to explain concept of scarcity, trade off, opportunity cost.
Consider a two-period economy with a single commodity (say leisure): X_1 is the consumption of leisure in period 1, and X_2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his ..
Consider two fictional economies, one called the domestic country and the other called the foreign country. Given the transactions listed below, construct a balance of payments account for each county. Include a statistical discrepancy.
Suppose a short-run production function is described as Q = 1L - (1/800)L2 where L is the number of labors used each hour.
"Are real estate prices predictable: Determinants of transaction prices and time on the market." What are the main characteristics of perfectly competitive markets? Do housing markets share these characteristics?
Monopoly and Antitrust Policy. What is the difference between holding a monopoly and monopolization? Which is illegal? Explain.
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