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Polices for Environmental Externalities
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1. What two policies could you use to reduce the total amount of emissions?
2. Why do you think they each would work?
3. What would the benefits of each action be (besides emissions reduction)?
4. What would the costs of each action be?
5. How would you decide what was the best level of emission reduction?
Explain how might the international monetary system be reorganised to rely less on the US dollar.
Assume the Chinese government abandons the peg and allows the yuan to float.What would be the effect on Chinese imports and exports.
In which direction with the substitution effect change the firm's employment and capital stock.
Illustrtae what will equilibrium GDP equal if taxes decrease 200? Why are the results different.
Suppose Congress wishes to reduce the budget deficit by reducing government spending. Use the IS-LM model to illustrate graphically.
Joining marketsplace or developing countries across the world has presented attractive opportunities to global companies and thus, boosted FDI.
Make a table and graph of Crusoe's production function. Find out the Marginal product of labor for Crusoe at different quantities of labor.
Cartels are a form of anti-cooperative activity. Critically examine the factors that may facilitate the establishment, operation and detection of cartels.
Describe why some workers are more likely than others to be laid off or have a harder time finding another satisfactory job.
Later on evaluating either it should build the company the firm decides that it should:
Elucidate price every ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs
What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.
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