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Discuss what organizational form (e.g., private ?rm, government corporation, or normal government production) you think might be appropriate for each of the following. In each case, discuss problems of designing appropriate incentives and efective regulatory systems.
a. Public housing
b. Production of enriched uranium to be used in atomic bombs or nuclear power plants
c. Production of helium, sometimes used by the government for military purposes
d. Air tra?c control system
e. The Patent and Copyright O?ce
f. Prisons g. Job placement services
h. Administering the welfare program
i. Administering the food stamp program
q. 1 the cost to drive on a freeway is 0 at all times of the day. this cost establishes equilibrium at 3 a.m. however
During the process of properly conducting a pat down of a man for weapons, an officer felt an object, which might have been a rock of crack cocaine. The officer was not positive of the identity of the object she felt.
What are the characteristics (e.g., age, income, education) of the target market customers for the following products or services? (a) National Geographic magazine, (b) wired magazine, (c) Toronto Blue Jays baseball team, and (d) the Canadian open go..
Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?
Which of the following statement(s) are true for a perfectly competitive firm that is seeking to maximize profits? The best production choice is at a quantity where price is equal to marginal cost. Price is equal to marginal revenue.
The following is information from the national income accounts for a hypothetical country: Net exports? Government taxes minus transfers? Disposable personal income? Personal saving?
Discuss fully the determinants underlying price elasticity of demand. SeeClear T.V., a cable hook-up, used to sell its service for $22.00 a month and it managed to sign up 42,000 customers. Due to increased equipment costs and the stock-holders' desi..
On your graph, label production and consumption of cars and sugar in Home. H. Is trade beneficial to Home and Foreign.
Why are some products elastic and some inelastic? What effect does currency depreciation / appreciation have on a appreciation have on a coconut export trade. Define and give an example of the resource curse. State two differences between a tariff an..
Many people feel the Fed, which is largely independent of Congress and the President, is too powerful. In fact, the Chairman of the Fed Board of Governors, Ben Bernanke, has been called the second most powerful person in the country. Do you think the..
In contrast, suppose that the CPI was 140 last year and is 132 this year. What is this year’s rate of inflation? What term do economists use to describe this second outcome?
The maintenance foreman of a plant in reviewing his records found that maintenance costs on a large press had increased with sales of a product that will decline in the future.
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