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Before deciding on your example for parts (a) and (b), read part (c).:
a) Give an example of an externality affecting your community.
b) How does the externality you identified in part (a) affect you?
c) Describe a policy for internalizing the externality that you identified in part (a). In other words, how can you get people to act in ways that appropriately reflect the impacts on others. Make the case that your policy recommendation balances efficiency and fairness.
What are the costs and benefits of taking this course in microeconomics? Develop a theory of how much a student can be expected to study for this course. How might the student's current employment status affect his or her studying time?
Use the following information to answer question a) ~ d). Suppose that this small closed economy is open to free trade and that the world price is $10 per CD player. With free trade, what is the quantity supplied by domestic producers? With free trad..
Assume that the following data characterize the hypothetical economy of Trance: money supply = $180 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, i..
Even though most Americans who become unemployed are only unemployed for a short period of time, when you look at who is unemployed at a given moment in time.
identify the choice that best completes the statement or answers the question.this table shows a game played between
A used car dealer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $250 at signing.
What are the implications of these measures for government economic policies?
How does each answer compare to the answer the original Solow model would give when s increases, both qualitatively and quantitatively and instantaneous increase in the growth rate of productivity
List teaching strategies/methods and resources to improve nutrition in the elderly who are malnutoused and/or have muscle wasting.
Name at least 10 goods and services for which the demand would be elastic or inelastic. What determines the price elasticity or inelasticity of demand of a good or a service Explain by referring to the list you have compiled. Submit your work in t..
1.national saving refers toa disposable income minus consumption.b taxes minus government spending.c income minus
Consider the mathematical utility function U = 7.1 1y , where U is the utility value corresponding to monetary outcome y. Check that this function is an accurate description of the pharmaceutical company's attitude toward risk. Is the company very..
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