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Problem: Describe a transaction that resulted in a positive externality, State why the transaction resulted in a positive externality, and State why from an economist's viewpoint this would be considered market inefficiency.
A profit maximizing monopolist is earning a postive economic profit. If workers wages rise, what happens to price and quantity ?(assume that the monopolist is still earning a positive profit after the wage increase). Is the monopolist better or wo..
the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what ha..
Find an article that discusses an oligopoly industry, and describe the key characteristics which make this an oligopoly market.
Are unions good or bad for the economy How do unions at GM and Ford affect employment levels and wages How do unions affect other industries in terms of employment and wage levels
1 . Based on the game, how did the simulation show the use of monetary policy to control both unemployment and inflation? How do Federal Funds Rate affect unemployment and inflation based on your experience with the game?
The intertemporal budget constraint with three periods: Consider an economy that exists for three periods: period 1, period 2, and period 3.
Just to help cement the concepts in your head, list here the fundamental structural changes that countries must undertake if they are to make progress.
What is each countrys opportunity cost of producing gloves and hats - Describe the economic outcome of this single-price monopoly in terms of profit.
Because legalization would create a market for these drugs, economists can provide helpful commentary based on consumer choice and demand.
What was the Neolithic Revolution. Explain
You need to analyze weather the BTC market is weak, semi strong or strong. You need to run various tests to determine that using data of past 5 years Bitcoin
An important distinction created by health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pock..
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