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Question: The demand for cigarettes, which create negative externalities through secondhand smoke, is often relatively inelastic. That is, when the price of cigarettes changes, the quantity demanded changes by a smaller portion. Using this fact, explain to what extent you think a tax on cigarettes would fulfill each of the goals of taxation.
A box has 2 red and 3 green balls. Three balls are drawn at random, without replacement from this box and put in another empty box.
How does globalization reduce the costs of production - Is it likely that all U.S. jobs one day will have moved abroad? Why or Why not?
How can providers of legal services differentiate their products? How does Nolo.com attempt to do this?3. Search the web for at least three additional online legal firms and compare the services these firms offer (a quick bullet list will suffice..
1. Suppose that Samantha expects to sell the pharmacy at the end of three years for $50,000 more than the price she paid for it and that she requires a 15% return on her investment. Should she still purchase the pharmacy.
If your business earns accounting profits of $50,000 and economic profits of $20,000, what are your hidden opportunity costs
On Sunday October 23rd, Eastern Turkey was hit by a strong earthquake. Analyze the effects of this temporary negative supply shock on the real output and real interest rates using an IS-LM model. b. Show the effect of this negative supply shock.
What is the gross real rate of return on fiat money in economy?
Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as microeconomics or macroeconomics.
You currently have a television that you want to sell. You can either pick a price and try to sell it at a yard sale or auction it off on eBay.
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Using examples in your country, discuss the rationale for government in creating monopolies for the provision of basic goods and services. Explain whether you agree with the above statement
Explain the selected theories, and then evaluate GEH's reasoning. Explain possible pitfalls for such strategy from GEH's perspective. Identify solutions to the possible pitfalls for the strategy.
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