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Government creates many important and essential goods and services for our society, but over time, government tends to continue to add goods and services, rarely reducing its scope. Find a government service, policy or law that you believe society could do without. Explain why this government intervention is unnecessary, and explain how eliminating the policy would improve efficiency and social welfare. Discuss efficiency and equity considerations that would arise from eliminating the policy or service.
Explain what general types of user fees you would recommend (not recommending any is not an option) to offset property taxes and why.
What are the four main points of difference in terms of utility, value, rationality, and equilibrium between the classical and neoclassical schools of thought?
"The Assistant Secretary for Time Travel recommends that the bureau choose the socially optimal price, the price necessary for efficient allocation of resources. Which price is required for efficient allocation of resources.
Suppose that Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. The bank sells $15,000 in securities to the Federal Reserve Bank in its district, receiving a $15,000 increase in reserves i..
What points will you discuss with the client to convince him or her about the limitations of the Internet? What strategies and techniques will you use to incorporate images and animations in the website, without compromising on the loading time and..
Find the mean and standard deviation of team payroll for the 14 American League and the 16 national League teams.
From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following: Discuss what economic theory predicts will happen. Draw a supply and demand graph illustrating the effect of a minimum wage.
Effective leaders are essential to the success of any organization, be it a small business or the U.S. government, the largest organization in the world. Globalization demands global leaders. What is global leadership? How does it differ from a purel..
What are barriers to entry? How do they relate to the creation of potential long-run monopoly profits? Provide an example of a barrier that can lead to monopoly. Is it possible for an industry that is currently a monopoly to become a competitive mark..
Because it acts like a price, U.S. export demand is inversely related to the U.S. real exchange rate. U.S. import demand is inversely related to the real exchange rate of foreign trading partners, which would just be the inverse of the U. S. real exc..
Suppose that in a year when GDP is rising rapidly you also observe the government budget balance increasing. How can you explain this correlation? Now suppose instead that in a year when GDP is rising rapidly you also observe the Government budget ba..
The general linear demand for good X is estimated to be Q = 125,000 – 400P – 0.76M + 360PR Where P is the price of good X, M is the average income of consumers who buy good X and PR is the price of related good R. Write the direct demand function in ..
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