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It has been argued that many of the problems with negative externalities - such as pollution, or the "tragedy of the commons" - could be better solved if there were clearly defined, protected and enforced property rights. Explain how and why property rights could "solve" many of these problems. Do you agree? Why?
Elucidate the difference among the statement "the money supply is fixed" and the statement "the money supply is exogenous".
This seems to have reversed itself somewhat in recent years. Illustrate what factors might have been at work.
He randomly selects 8 students and finds that they study the following amounts per week: 1, 2, 4, 4, 6, 6, 8 and 14. Assuming a normal distribution, can the professor conclude with 95% certainty that the students are studying as they should?
If the price of labor increases from $40 per unit to $60 per unit, what happens to the total cost of producing 500 units of output in the short run (up or down, and by how much) What happens to the short run marginal cost
Explain how does the EU help it's members economy Do we need a EU. What are positive and negative points to members.
Evaluate the statistical significance of the estimated coefficients use 5 percent for significance level Does this equation indicate a significant trend.
Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.
Simpson's Scuba Company is a manufacturer and retailer of scuba machine. Currently, the Company has no coordinated cash management system, and the firm's management has decided to focus on ways to improve the cash collection process.
Paul Volker was chairman of Federal Reserve system in the late 1970 and through most of the 1980.
A profit-maximizing company operating in a perfectly competitive market can sell products for $100 a unit. The company has a cost function represented by:
Explain how the factor changed since the recession began in December 2007 and under aggregate supply discuss institutional changes that alter the efficiency of resources.
Does the principle of "increasing opportunity cost" hold in this nation? Explain briefly.(Hint: What happens to the opportunity cost of bread-measured in the number of ovens-as bread production increases?)
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