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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1. What two policies could you use to reduce the total amount of emissions?2. Why do you think they each would work?3. What would the benefits of each action be (besides emissions reduction)?4. What would the costs of each action be?5. How would you decide what was the best level of emission reduction?
What are the three methods in order to be equipped with the tools necessary for evaluating a market's equilibrium.
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
To improve its standard of living, a nation’s economy must remain stable, grow through innovation or else.
Assume the United State economy begins in long run equilibrium. Concerns about global climate change cause government to significantly restrict production of electricity form fossil fuels.
You are the manager of a racquet club and you want to determine the best price for local rentals. Assume that the marginal cost of providing lockers is zero and the monthly demand for lockers is estimated to be best described as fitting the equati..
Illustrate what does the law of increasing opportunity price say and what is its implications regarding steel and textile manufacturing.
1. Describe the way the courts have ruled regarding the reserve clause 2.What does it mean for leagues to operate as single-entities and what types of activities do they undertake as single-entities
How much is equilibrium level of income or output if Fed decides to set the rate of interest at 10 percent (r=0.10).
Suppose that there is an "inflation scare," that is, suppose market participants increase their expectations of future inflation.
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks,..
Almond growers in CA are very concerned. Normally, honey producers would keep their bees next to almond orchards, where the bees would gather nectar and pollinate the almond trees. Lately however, bee keepers have moved to Arizona where it is chea..
Go to the Bureau of Economic Analysis Web site, and access the BEA interactively through selecting National Accounts and then National Income and Product Account Tables
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