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Identify whether each of the following resource categories is a public good, an open-access good, a club good or a private good? Defend your answer using the concepts of rivalness and excludability. No grade will be given without an explanation
a. A herd of elephants in South Africa for ivory poachers.
b. A herd of elephants in South Africa for safari tourists.
c. The benefits from reductions of greenhouse gas emissions.
d. Water from a town well that excludes nonresidents.
e. Bottled water
Elaborate on the implications of a Health Services Department moving from a cost center to a profit center. Information discussed must include:
Over the last 10 years, from 2005 through 2015, the European Union economy grew by 12.1%. What is the average annual percentage growth?
What is the probability (±0.001) that the next customer pays at least $30? What percent of customers who pay at least $30 pump premium? % (Round your answer to the nearest whole number.)
Why is monetary policy chosen over fiscal policy as the preferred tool for stabilization policy? What does the government gain from controlling monetary policy? Why would they choose to delegate responsibility for monetary policy to an independent ce..
1. Develop a simple regression model with paint sales (Y) as the dependent variable and selling price (P) as the independent variable. a. Show the estimated regression equation.
1. There are three economic actors in our circular ?ow model: households, ?rms and markets.
Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol? Why is it unlikely that a firm would sell at a price where its demand curve h..
Some have argued that taxing a price searcher with a lump-sum tax (tax that is the same regardless of level of current production) and then using the tax proceeds to subsidize that producer’s output on a per-unit basis would reduce the efficiency los..
Evaluate the risk categories, countries, and industries represented in this index 2019s leading companies.
Consider the cap-and-trade system and the market for tradable pollution permits and answer all parts of the question. If all polluters adopt a more efficient abatement technology, how will it affect the permit price? Will the ambient environmental qu..
What is the impact of each problem or risk on oil and gas companies and how to solve these problems ((the solution)) and what is the opportunities of each them? Rising emerging market demand. Price volatility and role of speculators.
Suppose that the nominal rate is 26%, and real interest rate is 5%. What is the inflation rate?
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