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An important connection between the state and the market is rent seeking activities by interest groups to lobby for government regulation. Explain how would international free trade limit rent seeking activities and monopolistic power? Do you think services are more vulnerable to rent seeking activities and prone to monopolistic power than manufacturing activities? Do you think big countries are more vulnerable to rent seeking activities and prone to monopolistic power than small countries? Based on your analysis above, explain some of the challenges China has in learning from Singapore to attain economic efficiency
During the pandemic, the Malaysian real GDP is substantially lower than it was predicted prior to pandemic era. Prior to the pandemic, the economy is expected t
q1. suppose you have 7000 in savings when the price index is at 100. if inflation pushes the price level up 10 what
What are the advantages and disadvantage of Pigouvian taxes, effluent taxes and marketable permits in terms of addressing negative pollution externalities?
The following figure shows the intersection of demand and supply at the price P2 and quantity Q2 in a competitive market. What is the producer surplus at the equilibrium level of output?
In regards to environmental challenges, why have states been able to address some issues easily (e.g. the elimination of chlorofluorocarbons "CFCs" or engine oil dumping on the high seas), while others (e.g. climate change) have been extremely diffic..
Litigation is more likely to be effective than regulation at deterring a company's harmful (negligent) behavior if: The anticompetitive division of the Federal Trade Commission examines mergers to ensure that they do not create situations in which ab..
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
Compute the compensated demand (at the new prices) for the following utility functions. Assume I = 1, initial prices are px = 1 = py, and price of x rises to p?x = 3 while py is unchanged.
Do you agree with the quote "Business social responsibility should not be coerced; it is a voluntary decision that the entrepreneurial leadership of every company must make on its own," Why or why not?
Discuss economic forces (supply factors, demand factors, government policy) that affect the health care market.
Prepare a statement for your board as to the potential impact of profits. Who will pay the the larger share of the tariff, your firm or your customers.
What type of performance measurement based process was used to determine Jack Welch’s successor, Jeffrey Immelt, as CEO of GE?
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