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Provide the following: 1) examples of externalities, including an explanation of why or how they demonstrate the concept of externalities, and 2) public goods, again including an explanation of why or how they demonstrate the concept of public goods. Decide which of your examples in each category (externalities and public goods) are best.
Which of the following contributes to the unavoidable trade-off between denying aid to some deserving individuals and aiding some undeserving individuals?
The national health insurance system of which country is characterized by being publicly financed but in which care is provided by private practitioners?
What is the new equilibrium price and output in the short run for both the industry and each firm.
Suppose that all markets are perfectly competitive. Is there an economic role for government to achieve a Pareto efficient allocation? Is there a role for government to maximize social welfare.
Suppose you are hired by the Martin guitar company as an economic consultant. You estimate the demand for Martin guitars to be Q = 8000 - 2P. Suppose the supply of Martin Guitars is given by Q = -2000 +3P. What is the equilibrium price of Martin guit..
How many different combinations of 3 winning tickets can there be? Suppose you hold 4 tickets. What is the probability that you will win exactly 2 out of the 3 prizes.
Find examples in current news publications of the strategic responses of individual businesses to changes in currency exchange rates. Are these firms adapting to the changing international environment, or are they engaged in political action to tr..
Suppose the banking market in Richmond area consists of five banks that each has 15 percent of the market and five more banks that each has 5 percent of the market. Calculate the measure of monopoly power.
Find the optimal crude oil allocation for the following example if the profit associated with square foot of fiber is cut to $0.375,
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
Explain how can tax cuts help revive the economy.
q1. compare the unemployment rate in new mexico to the national average of the past four 4 years. compare the trends in
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