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Identify and disuse a current article on the interaction between markets and government, and the impact of economic principles at work.
In the monetary intertemporal model, show that it is possible to have an equilibrium in which money is not held and only credit cards are used in transactions. What condition does the equilibrium price of credit card services must meet? Does monetary..
Should America modify its laws of corporate governance towards the Japanese model of Keiretsu?
The supply and demand curves are: Qs = -800 + 15p and Qd = 3200 - 25p. Solve for the market equilibrium. Now suppose a tax of $20 per unit is imposed on consumers. What are the new equilibrium quantity, buyer's price and seller's price? What is tax r..
Assume the value of a statistical life is $85,000,000 and that workers in more dangerous jobs are exposed to an additional 1/105 risk of death. How much more should the workers in the more dangerous jobs be paid (compared to the other workers)?
Determine the profit of the Restaurant. If the company were to produce as a perfectly competitive firm, how much would it produce? What price should it charge as a competitive firm?
Assume there are two countries, China and the US, and two products, textiles and computers. Assume the production coefficients in the above table, i.e., that t
Is there value in such a system? How important is it for the general public to understand this system to some degree?
" A polluting steel mill in a perfectly competitive market will produce too much steel and pollution." Draw a graph to illustrate whether this statement is true, false, or uncertain. Be sure to draw the private and social marginal cost as well as the..
q. the article states growth in the export sector has been one factor contributing to overall growth. how would we
Assess the strengths and weaknesses of the Lewis - Fei - Ranis model of economic growth and structural transformation. Can you think of ways to improve the mod
Which of the following statements is true about competition in a market?
1) Consider a recent scandal in current events and summarize what happened. 2) What do you think was the main cause or contributing factors that led to the scandal?
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