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Government creates many important and essential goods and services for our society, but over time, government tends to continue to add goods and services, rarely reducing its scope. Find a government service, policy or law that you believe society could do without. Explain why this government intervention is unnecessary, and explain how eliminating the policy would improve efficiency and social welfare. Discuss efficiency and equity considerations that would arise from eliminating the policy or service.
Drugs, Inc. recently received approval from the Food and Drug Administration for its new supplemental drug application for a 300-milligram tablet of an antiplatelet treatment. The company invested $170 thousand in the research and development fund fo..
Explain the process of doing a research paper; and how will the research be conducted for a ten page paper on homeland security
The previous director of an insurance plan required no co-pay. As the new director, your first reform is to implement a co-pay. Assume that each doctor visit costs the insurance plan $40, and use the following demand curve for your enrollees: P = 50-..
A nation will generally be able to consume less when it trades because of lost jobs to outsourcing. The consumption possibilities curve generally crosses the production possibilities curve. A nation that decides to specialize and trade is no longer l..
Assuming you purchased a $50 face value bond, what rate of return would you earn if you held the bond for 20 years until it doubled in value?
If there is an inflationary gap, the market will transition to long run equilibrium by. If the price level rises and the money wage rate remains constant, the quantity of real GDP supplied ______ and there is a movement up along the______ aggregate s..
Examine the level of business activities in the U.S. economy over the past few months. Which trends do you find of interest? What stage of the Business Cycle is the U.S. economy, given the current levels of business activity?
How much interest will we pay at the end of a ten-year period if we are getting a loan of $15,000 at a simple interest rate of 8% per year. What is the total amount we will owe at the end of a five-year period? We deposited $1,000 at an interest rate..
Consider the two-period consumption model of borrowing and saving. Suppose Claire has an income of m1 today and m2 a year from now and can borrow and lend at the interest rate r. She chooses consumption levels c1 and c2 given her well-behaved prefere..
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
a. Explain what happens to total revenue if Company A increases its prices. b. Explain what happens to total revenue if Company B increases its prices.
A manufacturer is contemplating introducing a product that is inferior to its competition in its performance, design, and functionality. However, the manufacturer believes that “good brand marketing” can overcome these shortfalls. Why is this thinkin..
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