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In Costa Rica, only a few beaches remain that are nesting grounds for sea turtles. Some of those beaches have communities situated near them; traditionally, the local people collected the turtle eggs and sold them for their purported aphrodisiac powers. As a result, sea turtle populations became endangered. To protect the sea turtle populations, the Costa Rican government gave each family in these villages ownership of a portion of the beach to do with as they please, including the harvesting and selling of sea turtle eggs. Sea turtle populations have started to increase. What is the economic rationale for this result?
Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as they wish. The average household disposes of three cans of garbage per week under this plan.
The switch to the use of HFCS from sugar in soft drinks was prompted in large part by its relatively lower price. Assuming a competitive market, what effect would this change have on the equilibrium price and output for soft drinks?
Show the Equivalence of tariffs and quotas, This requires three graphs showing the effect of tariffs and quotas in situations of a reduction in domestic supply, a decrease in domestic demand, and an increase in domestic supply
An (honest) stamp collector is considering selling one of her prize stamps. Based on some very insightful market research she knows that there are two bidders and each bidder just wants to add the stamp to their own private collection and is not worr..
If the dollar appreciated in real terms against the euro by 2 percent in a year, and in same year, inflation rates in the U.S. and the euro zone were 3 percent and 1 percent,
Suppose that the firms markup over costs is 6%, and the wage-setting equation is W = P(1-u+z) where u is the unemployment rate and z is equal to 0.03. What is the real wage as determined by the price-setting equation? What is the natural ..
Is there a BOP equilibrium or a BOP deficit/surplus.What is the equilibrium level of GDP and the interest rate.
What is the effect on the price of a recordable CD and the quantity of recordable CDs sold if a. The price of an MP3 download rises? b. The price of an iPod falls? c. The supply of CD players increases?
movie theaters charge a variety of admission prices one for matinees another for evening showings one for students and
The Financial Services Modernization Act a. reinforced the Glass Steagall Act b. prevented mergers of banks c. eliminated barriers between banks, brokerage houses, and insurance companies
explain the concept of deadweight loss. as well as answer the questions why does taxing a product lead to deadweight
a monopolist has two types of customers. there are 100 of type a who will each pay up tp 10 for a single unit of the
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