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Eminent Domain
Discuss the process that must occur in order for government to proclaim eminent domain to assume control over the private property of citizens. How does eminent domain differ from the concept of government zoning? How does eminent domain differ from police power as it relates to the government assuming control over private property? Discuss at least two court cases that relate to the issue of eminent domain. What are the key issues that were addressed in the court cases that you chose to review?
Mar ´ia lives in the beautiful country of Inflationlandia. She earns 30 million pesos a month. She only consumes hamburgers and buns. The price of a dozen hamburgers is 2 million pesos and the price of a dozen buns is 1 million pesos. Graph her budge..
How changing the price elasticity of demand from elastic to inelastic affects the consumer's economic burden of a tax and the government's collected tax revenues?
What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements
The production function of a firm is given in the table below.
Calculate the duration and modified duration for a bond that has a coupon rate of 7% (paid annually), 3 years to maturity, a YTM of 7% and a par value of $1000. Calculate the effect on the price of the bond (in dollars) of a 3% decrease in yield usin..
The work by Milton Friedman altered the consensus that had developed in the aftermath of the Great Depression on how the economy should be managed. As a result, the current goal of economic policymakers is to: reduce the magnitude of both downturns a..
Of the two theories Tobin theory and Keynes theory which of the following can best fit the real world.
Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 3, and the cross-price elasticity of demand between it and good Y is -5. Determine how much the consumption of this good will chan..
Elucidate what is the marginal opportunity cost of 1,000 garments of clothing in the range between points B and C.
A price-taking ?rm selling in a market with a price greater than the ?rm's average total cost should:
We would expect the coefficient of cross elasticity of demand for DVD players also DVDs to be positive.
Which of the following statements is consistent with what happened during the Great Recession? Identify whether the following statement is more likely to come from a classical economist or a Keynesian economist. “The recent decline in consumer confid..
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