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Explain positive and negative externalities and discuss some of the challenges of reducing negative externalities or increasing positive externalities. How government might employ policy tools to address externalities?
Show the relationship between EV, CV, and consumer surplus using compensated and uncompensated demand curves. If you your income is $ 1million,you spend $100 on good 1, and income elasticity was 0.02, does it matter whether you use EV, CV, or consu..
Give a critical evaluation of the way in which this concept has been affected by the theories of Maynard Keynes, Karl Marx, Milton Friedman and political expediency and /or dogma.
"A PowerPoint presentation would be appropriate for this group," he says. "I want you to include slide notes, too, in case we have to go back.
If the nominal money supply grows 10%, the inflation rate is 6%, and the income elasticity of money demand is 1.0, then real income growth equals
Does the presence of foreign firms help or hurt domesticcompetition in the Middle East? Use an example either from your textbook or from external readings and be sure to describe whether the firms collaborate or compete for market share.
Discuss how workers who differ in their innate abilities sort themselves across piece-rate and time-rate jobs. Also describe how the two compensation systems.
What role can governments play in improving the steady state? What does this imply about the relationship between the size of government and GDP per capita?
Graph the demand for dollars and supply of dollars against the exchange rate. What is the value of the equilibrium exchange rate?
To aid in this development, Marine Technology (January 1995) reported on the spillage amount and cause of puncture for 50 recent major oil spills from tankers and carriers. The data are saved in the OILSPILL ?le. Use a graphical method to desc..
First, briefly explain what is meant by the policy mix. Second, explain what effect different policy mixes might have on the level of output, investment
Southern California Edison's prices, service quality, and investments in new facilities are pervasively regulated by governments under long-standing rules.
Discuss the tradeoffs a policymaker faces in choosing between larger fines, longer prison sentences, and greater monitoring in deterring crime. Give at least two reasons discussed in class why deterring crime through longer prison sentences may no..
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