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a. How would public choice economics explain why the airline industry was regulated by the CAB?
b. What would you predict would happen to the equality of services (food, leg room, frequency of flights, etc.) offered by airlines after elimination of CAB regulation? Explain why.
If Malcolm Fights, both politicians gets a payoff of 30. If Malcolm opts to Negotiate, the payoffs are 15 to Malcolm and 15 to Tony. What are the Nash equilibria of the game?
A firm with the ability to affect the price of its product:
In 2004, Congressman Dennis Kucinich proposed the Free Market Drug Act. This legislation would have removed patent protection on drugs developed with public funds and given control over pharmaceutical R&D to the National Institutes of Health (NIH). E..
Explain by how much does the total amount of deposits in the banking system increase. By how much does the money supply increase.
Dan Demaar and Rob Runten are working on a class assignment on economic growth. Dan collects the GDP growth data for the country Fanez, which is located in the Middle East.
Confused and cannot find much information about the Keynesian model? According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes?
You decided to purchase a new hummer for 60,000. If the dealer offers a $5000 rebate, what would your monthly payments be if your interest rate is 6.5% and you pay it off in 4 years?
Beta Industries manufactures thumb drives that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an econometrician to estimate its cost function for producing boxes of one dozen thumb drives. The ..
austria has a history of strong hostility to nuclear power and over the last twenty years the austrians have shut down
If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
The government often intervenes when private markets fail to provide an optimal level of certain goods and services. For example, the government imposes an excise tax on gasoline to account for the negative externality that drivers impose on one anot..
Hyundai Case Study - Common case focuses on the operations of Hyundai, the Korean automobile manufacturer, in China.
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