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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. Assume that you are a policy maker concerned with correcting the effects of gases and particulates emitted by a local power plant. Write a 1-page memo that addresses the following points:
Format your answers as a memo with 2 pages of written content. You may use bullet points, but please cite your sources. Include a reference list.
explain how the market system provides a strong incentive for technological advance and creative destruction. within
what is foreign aid and what is the goal of foreign aid? does foreign aid promote economic development? explain
oligopolynow assume that the meat-now assume that the meat-processing industry is a duopoly with two firms marions
Policymaking is much easier when the state of the economy is easily observable than when there is uncertainty about how the economy is doing, as this problem illustrates. Suppose that the economy is either in an expansion or a recession. Suppos..
The minimum acceptable price for a product that producer Sam is willing to receive is $15. It is $12 for producer Sue. The market price they could get for the product is $18. What is the amount of the producer surplus for Sam and Sue combined
Why would change leaders need to align the organization's people with the change strategy Would it be easier to just tell workers of the change and demand compliance? Or, would integrating workers' ideas and capacities before a change.
carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically
What recommendation would you have for each state to maximize revenue?
Assume that a hypothetical economy with an MPC of .7 is experiencing severe recession. By how much would government spending have to increase to shift the aggregate demand curve rightward by $30 billion?
Suppose you are in charge of setting the price for commercial advertisements shown during Enemies, a top network television show. There is a 60 minute slot for the show. However, the running time for the show itself is only 30 minutes?
Are changes in discretionary and fiscal policy likely to be instituted in a manner that will reduce the ups and downs of the business cycle? Why or why not?
what has happened to the value of the u.s. dollar relative to the japanese yen over the past six months? what fiscal
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