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1. Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?
2. Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize?
The many loopholes present in the federal income tax system prior to the 1986 tax reform caused all of the following except
How would you interpret the following statement: “The curve depicting the relationship between national income per capita and life expectancy has shifted upward over time”?
How will the trade imbalance on oil affect future gas prices? Also, will the increased supply from the Permian Basin in Texas impact the price and trade deficit?
Describe a situation in which there is an economic argument for regulation the quantity of pollution reduction in order to achieve reduced pollution levels rather than using a tax.
What is the present value of innovation to the innovating firm? In a patent race, what might each firm be willing to spend on research and development?
According to the quantity theory, money in the long run affects: According to the principle of monetary neutrality: When inflation turns out to be higher than expected, borrowers will be ________ off, and lenders will be ________ off. The quantity th..
Andy’s Online Poker Room is a profit-maximizing firm in a competitive market. What do you expect to happen in the long run? ($500)
If Rhine Company ignores possibility that or firms may enter its market, it should set a price of $10,000 for its product, which is a power tool. Explain how can firm's manager extend planning horizon.
Cultural sensitivity is crucial to local and global success. It is very difficult to be aware of and sensitive to issues and traditions we are ignorant about. How can we decrease our own ignorance? Can we be proactive about it, or do we just have to ..
Five years ago, Thomas Martin installed production machinery that had a first cost of $25,000. At that time initial yearly costs were estimated at $1,250, increasing by $500 each year. The market value of this machinery each year would be 90% of the ..
Which of the following is a reason given by the Anti-Federalists for opposing the ratification of the new constitution? What issue did the three-fifths compromise address? To which branch of government does the Constitution give the most exclusive po..
Identify those who gave us the concepts of monopsony and human capital.
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