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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1. What two policies could you use to reduce the total amount of emissions?
2. Why do you think they each would work?
3. What would the benefits of each action be (besides emissions reduction)?
4. What would the costs of each action be?
5. How would you decide what was the best level of emission reduction?
discuss the different economic theories of milton friedman. why was he important? has he helped or hurt our economy? if
What is the logic behind the campaign and what role do incentives play here - Explain why most seniors often earn lower grades in their last semester before graduation.($1,000)
A firm has tracked the quantity demanded of its output during four time periods. Product price, consumer income, and advertising expenditures also were recorded for each time period. The information is provided in the table that follows.
The Federal Reserve is concerned about a rapid increase in prices. Their decision is to stabilize prices through a decrease in money supply. Graphically illustrate and explain what effect a decrease in the money supply will have on the economy using..
Jonathan accepted the offer and, eager to please her, spent lavishly in preparing for the evening. His purchases included a new blazer, new shoes, and expensive floral arrangement, and champagne. At the appointed time, Jonathan arrived at Rosalie'..
Assume you received a four percent increase in your nominal salary.
A cost function for clinic visits in a small inner city clinic. determine the marginal cost for each level of output.
question 1type the following command in stata to load the smoke dataseta you are interested in examining whether living
Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will, a. harm hat workers, benefit banana workers, but benefit the nation as a whole. b. harm hat workers, harm bana..
What would like you to do some research and find out what nation would be the most ideal markets for your new product.
a current account deficit is a very healthy thing. if we can get foreigners to give us real goods and services and talk
coinstar a sleeping giant awakenswhat competitive alternatives are there to products coinstar offers? do these
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