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The US banking and financial sectors are characterized by overlapping layers of authority and regulation with the goal of providing safety, predictability and stability to this crucial sector. Please briefly describe the outlines of this regulatory system and then why you believe it failed us so spectacularly in the financial collapse of the great recession.
A demand equation for a product is given byQ = 60 - 3P Find the total revenue generated by sales in the market at a price of P = 11.
The monopolist from the previous problem now faces a specific tax of 20, τ = 20. What are the optimal quantity and price given the tax? Calculate the welfare loss from the tax.
Suppose that in voting fraud around the country the government is forced to spend billions of dollars in legal fees. Analyze the effects of such a massive increase in government spending in both the classical and fixed price Keynesian models when the..
A monopolist faces a market A demand curve given by: QA = 70 – P and market B demand curve given by: QB = 50 – 0.5P. This monopolist pursues a separate monopoly pricing policy in each market. Assume arbitrage between the two markets can be prevented.
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
What are the complexities of fair trade and how is fair trade beneficial in terms of economics?
Health officials have suggested that teen pregnancy and sexually transmitted diseases can be reduced if contraceptives are more widely used. Use the concept of a demand-side externality to explain why the amount of contraceptives in the United States..
What is rent seeking behavior? How does it explain why government has grown in recent years and how it explain why it is difficult to change tax or spending policies in the United States?
Government imposed price controls often lead to
Describe schizophrenia, anxiety disorders, eating disorders, and personality disorders and how these disorders may be manifested during adolescence. Why is it important for you to understand and be able to identify these disorders in your roles as a ..
What is the purpose of evaluating conflict situations? Provide examples how this could be achieved effectively.
Suppose In-N-Out burgers sells only burgers, and that P and Y are the price and quantity of burgers sold. In-N-Out revenues R are given by R=P.Y. Finally, suppose P grows at 1% and Y grows at 2%. Given this information you can say that revenues grow ..
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