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Negative externalities such as water or air pollution lead to an inefficient allocation of resources. Explain why. Use a carefully constructed diagram to aid in your explanation.
Such externalities have been dealt with mostly through command and control policies. Explain why pollution fees or cap and trade generally are preferable to command and control policies.
q1. compare the unemployment rate in new mexico to the national average of the past four 4 years. compare the trends in
q.assume that an economy characterized by m 6000 billionv 2.5p 100a illustrate what is the real value of output q?
Elucidate how does the real wage rate at point c compare with the real salary rate at point a. How do nominal wage rates compare at those two points.
Analyze the dynamics of supply and demand to anticipate market equilibrium. Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
If Farmia opens trade with a country with identical tastes, what will happen in short run to: Farmia's production of wheat and coffee. What information or theorem did you use as basis for you answer.
Which of the following items are not considered resource costs even though they are counted as income paid to persons?
q1. in may 2011 the average price of gasoline in the united states was 3.76 per gallon and consumers bought 5 percent
The market value of a bond will always approach its par value as its maturity date approaches, provided the bond's required return remains constant.
After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics.
Consider these bundles: Bundle A: 2DVDs and 3 Cds; Bundle B: 3 DVDs and 1 CD; Bundle C: 1 DVDs and 3 CDs. Which of the following violates the assumption of non satiated preferences?
According to the lectures in class, although consumption spending is about 70% of the total spending in the US economy (C=70%, I=15%, G=15%) its effect is stronger than 70% on the economy why?
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