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Do you think that Brexit is a good or bad thing for the global economy? Can London still be a global financial hub after Brexit? Please feel free to cite articles of your own choice. Use APA format for reference.
Elucidate why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the United States.
In class I showed the impacts of a new vaccine using the model by Thomas Malthus. Likewise, now consider the 2014 Ebola outbreak in West Africa. In 2014 the Ebola virus outbreak in West Africa led to 11325 deaths. Explain how the Ebola deaths in Sier..
The average avoidable cost for a fringe firm is AAC(q) = 20/q + 5q . The marginal cost function for a fringe firm is MC = 10q . There are 10 fringe firms. The marginal cost of the dominant firm is 2 and the demand function is Q = 100 − P. What is the..
The town you live in is considering an excise tax on soda. It has been estimated the price elasticity of demand is 1.24. You have a friend that believes that tax will just be pushed on to consumers and it is a tax grab by the local government. Explai..
If the tort system were deemed a method of social insurance rather than one of deterrence of uneconomical accidents, would awards in tort cases be on average higher or lower than under the deterrence rationale? (Using the perspective of economics)
Switch grass was promised to be the new crop that would replace corn as the primary feedstock for bio-fuels a couple of years ago. Why have we still not switched to switch grass.
What is the probability that the hotel receives at least one of the defective sets?
What is the present worth of the entire 30 years of service if the interest rate is 10%?
1. How do you think the healthcare debate in our country should be resolved? 2. Is your opinion normative or positive? Why?
Can you explain the Keynesian view on enacting tighter federal restrictions on mortgage lending practices including requiring higher down payment levels
Assume that no one is concerned about fairness in the tax system. All other things equal, would a risk averse individual want a progressive or regressive income tax schedule?
Suppose that Colin’s preferences for goods X and Y can be represented by the utility function U(x,y)=min{x,y}, where x (respectively, y) is the amount of X (respectively, Y) that he consumes. Give a real world example for such preferences and for goo..
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