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Question: As king of Medivalia,you are constantly strapped for funds to pay your army.Your chief economic wizard suggests the following plan:"When you collect your tax payments from your subjects,insist on being paid in gold coins.Take those gold coins, melt them down,and remint them with an extra 10 percent of brass thrown in.You will then have 10 percent more money than you started with."What do you think of the plan? Will it work?
What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example?
What are the four supply factors of economic growth? What is the demand factor? What is the efficiency factor?
i. How do TCP and UDP relate to IP (Internet protocol)? Which of these pro- tocols are encapsulated within (or layered atop) one another? Could all three be used simultaneously?
The Anderson County board of supervisors has agreed to fund an ambitious project that will "spend money now to save much more money in the future."
The theory of the Communists may be summed up in a single sentence: Abolition of private property,” This is from:
Describe how externalities may prevent market equilibrium and the various governments policies used to remedy inefficiencies in markets caused by externalities.
If all n identical firms in a market belong to a cartel, how much total output will be produced relative to the monopoly output, and how much will each firm produce?
A convertible bond has a face value of $1,000 and the conversion price is $60 per share. The stock is selling at $25 per share. The bond pays $85 per year in interest and is selling in the market for $945. It matures in seven years. Market rates are ..
Suppose the government regulates the prices of beef and chicken and sets them below their market clearing levels. Explain why shortages of these goods will develop and what factors will determine the sizes of the shortages. What will happen to the pr..
The quantity of coffee demanded Qd depends on the price of coffee Pc and the price of tea Pt the quantity of coffee supplied Qs depends on the price of coffee Pc and the price of electricity P e .
Compute the probability of failing to stop at an intersection, given the driver was on the cell phone.
If Frank is maximizing profit what is the marginal revenue product of the last worker he hired? What is that worker''s marginal product?
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