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Problem:
Suppose that you are attending a health conference and in one of the breakout sessions a participant in the audience states: "The most reasonable way to decrease the cost burden that medical school represents to students is for the government to provide medical education subsidies."
What would be some cons and pros of such intervention?
Explain the concept of more is better satisfied for both goods. Elucidate as C increases the MUC increase, decrease or remain constant.
Below are the individual demand schedules of dark chocolate for Vanessa and Angela. Assuming they are the only people in the market for dark chocolate, draw each of their individual demand curves on the graph below, as well as the market demand curve..
People often argue that the level and growth rate of real GDP per capita can be a misleading indicator of development.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
The government of France taxes movies that are produced outside of the country at the rate of tx , which effectively subsidizes domestically-produced movies. Is this policy consistent with a Pareto efficient allocation of resources? With the aid of s..
is this the same quantity that the competitive market would have provided in equilibrium? What are the market forces leading to this quantity?
Snack food venders and beer distributors earn some monopoly profits in their local markets but see them slowly erode from various new substitutes.
A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. What is the expected value of the p..
How did the economic, political, and social forces drive the Europeans to exploration and colonization?
Explain the effect of expansionary monetary policy on the real risk-free interest rate (R), real GDP, and the price index (PI).
If 15% is an appropriate rate of return, what annual benefit is needed to justify buying the heat exchanger unit?
The required return on this stock is 12%. What is the best estimate of the stock's current market value?
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