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What are the basic economics of the healthcare industry? Using the concepts of product versus resource, and each of the four types of resources.
Suppose the government reduces the current tax burden of households today by sending a tax rebate by mail. Assume that the government pays for this tax rebate by borrowing today but will have to increase taxes in the future. What happens to desired p..
Discuss tax systems and political philosophies associated with income inequalities. List and describe the relationship between the two tax principles and three tax systems discussed in this course. Include comments regarding the effects of tax on soc..
In what situation should a firm offer "price matching guarantee"? Will such "price matching guarantee" increase or reduce profits? Explain. Classical supply-and-demand analysis suggests that when the demand for a product increases, prices tend to go ..
Draw a figure of supply and demand representing this market. Be sure to label the axes and intercepts. (Hint: Place P on the y-axis and Q on the x-axis.
Canada increased from 7,500 kg per month to 8,000 kg per month. Use calculated elasticity to comment on substitutability or complementarity of coffee and tea
Open-market operations have a fairly unpredictable effect on the supply of money. The Federal Reserve undertakes open-market operations on an infrequent basis. Open-market operations are extremely rigid.
calculate the standard deviation of the distribution of each investment. Which of the two investments is more risky?
Name the key stakeholders you will consult when developing the policy. How will you explain the benefits of the policy to them?
Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.
Imagine you have $20000 and you are willing to invest. A safe investment that promises to pay 5% profit after 1 year. A risky investment that has a 20% chance you might loose half of your money. How much do you expect to get paid for a year in the s..
What price does Bill need to sell the bond for to earn his desired return?
The total cost (TCZ) of the De Beers Company (a monopolist) is given by TCZ = 100 + 50QZ + 0.5Q2Z where QZ is the number of diamonds produced and put on the market by the De Beers Company. What is social welfare when De Beers acts as a perfect compet..
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