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Question: The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of 12 countries that controls roughly two-thirds of the world's oil production. The cartel gives countries quotas for production. Why might a country be tempted to produce above quota for a year? How do you think other OPEC countries might respond if it did so?
Graphically demonstrate the inefficiency that occurs when sports teams produce external benefits. How will a subsidy remedy this problem?
You buy a 3-year, 10% coupon bond with face value $1000 today. The market interest rate currently is 10% also. What is the market price of the bond today?
According to some reports, more than 40 percent of the American servicemen sent to Vietnam experimented with heroin. Of these, 57 percent became addicts.
Explain how something in politics and/or regulation impacted how that industry developed (e.g. what it looked like, how it functioned, who it represented).
In our study of inter temporal utility maximization, everything (initial and ending wealth, interest rate, and consumption) in the budget constraint is expressed in real terms.
Central Foundry wants to use an additive model for choosing its best approach to a particular casting problem. Management has decided that the expected value.
select an organization that interests you. state the nature of this interest in your memo . it can be a publicly owned
write a 700- to 1400-word essay examining five ethical decisions you made recently. do not feel pressured to disclose
Increases in the tax rate on income will always increase the tax revenue generated by an income tax.[Hint: Think about the tax rate effects incentives for income generation.]
What steps will you take to be sure the inputs exceed minimum acceptable levels? What will you do to ensure your output to the environment is acceptable?
Why might U.S. steel-using firms lobby against the imposition of quotas on foreign steel sold in the United States?
How would these two changes together affect John's desired health capital - Draw his budget line with respect to his labor-leisure choice.
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