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Government regulations often "grandfather" the pollution control equipment being used by existing power plants while requiring a higher level of pollution control from new ones. Discuss the implications of such a policy relative to the use of a pollution tax. In your answer note impacts on (a) the lifetime of power plants, (b) entry by new firms, (c) innovation in developing pollution control technology, (d) pollution emissions, and (e) the price paid for electricity by consumers.
State C is a WTO member state and a party to NAFTA. It has made no specific agreements under either GATS or NAFTA as to its road transport sector. Now, two freight companies, one from State D (a WTO member state) and one from State E (a party to both..
If the student goes to withdraw the money after four years, can you please explain to me how to determine the amount of the money he will find in the account
What is the SAP (structural adjustment program) What are the IMF-imposed "conditionalities" Why did the IMF and World Bank imposed them upon Third Worldcountries during both their debt crises and financial crises
For the next 14 years, you decide to place $4556 in equal year-end deposits into a savings account earning 8.32 percent per year.
Is the American Dream like the mythical Phoenix rising from the ashes? What are your thoughts?
Where P is the price of good X, M is average income of consumers who buy good X, and Pr is the price of related good R. The values of P, M, and Pr are expected to be $200, $60,000 and $100, respectively. Compute the quantity of good X demanded for th..
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?
What is the primary reason that economists view monopolies as a problem? Is this different than you would have expected? What methods are available to mitigate the impact of monopolies? Does being a monopolist guarantee a profit for the firm? Can you..
Humpty Dumpty receives some nonlabor income and decides not to work Draw a graph with leisure on the horizontal axis and consumption on the vertical axis showing his preferences, budget constraint, and the optimal consumption bundle. Label the interc..
How does the change of consumer and producer surplus compared to the tax revenue.
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
Place the items into the columns according to whether a change in the item would cause the curve to shift. If an item's change shifts more than one curve, place it in a single column according to this order: Long Run Aggregate Supply - Short Run Aggr..
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