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Certain aspects of the Covid-19 pandemic can be explained by the concepts of externalises and characteristics of public goods. By identifying specific examples, discuss and explain the statement based on the concepts (positive consumption and negative production externalises as well as public goods) and explain how government interventions could address the issues identified. (Explain in detail with examples)
Explain The role asymmetric information has in many economic transactions and The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy.
3. Suppose an individual's utility function over income (M) and leisure (L) is U(M,L)·L, and the individual has non-labor income Y and earns wage w. The total amount of time available is 16 hours.a. What is the equation for the budget constraint? G..
Why is investment planning important? How could your friend minimize the risks associated with investing risk? What steps should he/she take to start?
Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize? 200 word answer
Do you expect the cross-elasticity of demand for Subarus with respect to the price of Bentleys to be smaller or larger than their cross-elasticity.
Consider a firm that is making a cost-minimizing choice in the long-run for a given quantity of output, Q1. Suppose this firm has a cobb douglas production
Your company is intending to launch a new product, and your line manager is worried that the product will not "cross the chasm" and he has asked you to prepare.
1. if an economist says the higher the price of oranges the fewer oranges individuals will buy ceteris paribus this
in the diagram above discuss the implication to economic efficiency of an economy operating at point x .v. operating on
Explore why equilibrium of supply and demand is desirable. Explain the Costs of taxation concepts using the concept of consumer and producer surplus.
An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle.
Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20%. Households deposit $10,000 in currency into a checking account at the bank and that currency is added to reserves. What level of excess reserves..
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