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The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms tend to free ride on the knowledge created by others and, as a result, devote too few resources to the creation of knowledge. How does the U.S. government correct for this apparent market failure?
What are some fiscal policy recommendations being recommended by current leadership.
Elucidate how closely do real world conditions match the charateristics listed in the model. Do they compete using price. Is the good in question standardized.
Elucidate unemployment in relation to the Phillip's curve with an appropriate sketch.
elucidate how the proposed carbon tax for australia would help reduce negative externalities, pollution levels in australia.
the quantity supplied of the Real GDP in the long run is $4.3 trillion. Evalute is the economy in short run equuilibrium. Will the price in long run equilibrium be greater than, of less than, or equal to 132.
A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.
If you want to make four equal payments on each January 1 from 2013 through 2016 to accumulate the $1,000, how large must each payment be.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
Explain how do acts of intellectual piracy hurt American companies.
Illustrate what will be the level of output and price in the long run if this industry were perfectly competitive.
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits
The steel industry has been lobbying for high taxes on imported steel. Russia, Brazil also Japan have been producing also selling steel on world markets
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