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Would it be efficient or inefficient to impose a large fine on a poor country that field to prevent the illegal production of generic drugs or the illegal copying of music CDs software and textbooks? Use the concepts of marginal benefit and marginal cost and total surplus and dead-weight to explain your answer
Most government policy decisions have winners and losers. What are the effects of raising the minimum wage?
If you rent 3 copiers, what daily demand for copies will allow you to break even? Graph profit as a function of the number of copiers for a daily demand of 500 copies.
Suppose that courts begin imposing higher fines on car manufacturers that build cars that occasionally malfunction and harm consumers. Car manufacturers can.
Derive the expression for the AD curve. What is its vertical intercept? What is its slope? To answer the following parts, assume inflation is p = 1.
Why does late Medieval Europe begin to flourish after 1000 CE, and what are some of the moreimportant characteristics of Medieval European culture?
If the multiplier had a value of 4 in 1929, how large must the change in autonomous expenditure have been to have caused the decline in real GDP between 1929 and 1933 shown in the table on page 763? If the multiplier had a value of 2, how large mu..
What caused the economic crisis? Was it mostly people who got loans with little credit?
What is the maximum amount of new loans that this bank can make and assume that the bank makes these loans. What will the new balance sheet look like?
Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil can produce 100,00 0 units of clothing.
In the final round of a TV game show, contestants have a chance to increase their current winnings of 1 million dollars to 10 million dollars. If they are wrong, their prize is decreased to $100,000.
U.S. growth: On page 50, we noted that the growth rate of per capita GDP in the United States between 1870 and 1929 was slightly lower than 2.0%.
Show the effects of a price ceiling and a price floor on a market. As for what happens with valuing is different than equilibrium, a rate Floor is Minimum wage where wage rate is bigger than the rate at equilibrium.
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