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Identify one or two market failures you observe in the world around you (you can't use general ones like rent control, drugs, minimum wage). How would you classify the failure? What policy or strategy would you recommend to address or fix the failure? What trade-offs does your proposed policy entail?
The annual additional energy requirement is 350,000,000 kilowatt-hours. The cost of energy from Canada is 1.48 cents per kilowatt-hour for the first year. The price will be escalated at 4 percent annually for the 20-year contract period.
Describe the key roles of a business plan in creating a new venture and Identify and explain the components/elements of a business plan
An economist has estimated that, at the current price of $1.50 per pill, the own price elasticity of demand for the drug is -1.5.
In some countries there is a concern that the government will run large budget deficits and force the country's central bank to "monetize the deficit
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. What would be the f..
Some economists believe that the world market for some raw materials (like cotton) comes close to a perfectly competitive market. With reference to the world market for cotton, briefly explain THERE reasons why the world market for cotton comes close..
Consider the causes of the deficits also surpluses also provide your own insight as to whether these surpluses or deficits have a "positive" or "negative" effect on our economy.
"Discuss the strengths and weaknesses and basic structure of formal growth models. What insights do they provide? What do they leave out?"
Suppose that the pre-tax price of cigarettes is $3.00 per pack and the post-tax price of cigarettes is $4.00 per pack. The tax is $1.50 per pack and is paid by the retailers of cigarettes to the government. Six hundred packs were sold prior to the ta..
An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid.
Explain what role opportunity cost plays in the following situations:
Illustrate what would happen to the total employment, the size of the labor force, and the unemployment rate? Show the results graphically.
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