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How might a government solve the problem of overfishing by assigning property rights over areas of the sea around the local coastline to a single fisherman?
[hint: he can charge other fishermen a fee to be able to fish in "his" sea]
Have property right policies been successful in Asia in practice? What are the big issues faced with assigning property rights in this context?
Describe the economic cost of most international trade less than economic benefit of that trade for both the firms and nations involved using trade and comparative advantage economic theories.
Calculate the ES in autarky and under conditions of free trade. Assume the world price is $45. c) Apply a $2.50 tariff and recalculate economic surplus (including tariff revenue). Has ES gone up with imposition of the tariff d) Evaluate the fo..
Let us determine what happens to exchange rate between the U.S. and imaginary country of Oz. The ruler of Oz is a totalitarian wizard. Since the economy of Oz is centrally planned
When many people died because of poisoned capsules of Tylenol pain reliever, strict government regulations were enacted to control packaging of retail pharmaceuticals.
Critically evaluate the rules and institutions of the Bretton Woods system. What lessons do these features provide for Economic and Monetary Union policymakers?
Describe the pros and cons of each. If your company intends to purchase products from a foreign source, how will you protect it from risk of financial loss? Support and defend your choice.
What is the diff erence between Absolute and Relative PPP? Which theory requires fewer assumptions and give two reasons why Absolute PPP might not hold in the short-run.
Suppose that preferences over private consumption C and public goods G are such that these two goods are perfect substitutes, that is, the marginal rate of substitution of public goods for private goods is a constant b>0. Determine the optimal qua..
major goal of the World Trade Organization and comparative advantage means that one nation can produce and expansion of commercial bank lending
Estimate whether integration in following types of companies would constitute a horizontal, vertical, or conglomerate merger.
Explain why would we expect the difference in the one year interest rate on the dollar vs one year interest rate on, the Euro or any other freely convertible currency,
Determine the advantages or disadvantages of buying imports versus buying domestic products in relation to fashion industry.
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