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Question: Would you rather have efficiency or variety? That is, one opportunity cost of the variety of products we have is that each product costs more per unit than if there were only one kind of product of a given type, like shoes. Perhaps a better question is, "What is the right amount of variety? Can there be too many varieties of shoes, for example?"
Discuss the nature of emission allowances and provide justification. Discuss how emission allowances should be measured initially and subsequently. Provide journal entries for these transactions.
What is the per-unit amount of both externalities? Discuss both government and private solutions that would result in an efficient outcome.
discuss the types of barriers to entry and explain whether each type is likely to provide long-term monopoly power.
consider the following game there are 5 pirates on a boat conveniently named p1 p2 p3 p4 and p5. these 5 pirates have
Suppose the annual inflation rate is at 2% and 8.5% of the labor force is currently unemployed. If you were on the Fed's Open Market Committee, what action would you prescribe? How would this affect the economy, the inflation rate, and the unemplo..
Wanda Littlemore's utility function is U(x, y) = x + 46y - 2y^2. Her income is $135. If the price of x is $1 and the price of y is $18, how many units of good x will Wanda demand? Please show me how the answer is arrived at?
A prime minister of an emerging country once bragged that he was going to make his country self-sufficient and independent of foreigners. Do the principles of economics suggest anything about how you as a native of that country might have been aff..
Define what we mean by money and how it is used in the day to day functioning of the U.S. economy. Be sure to include the major components that make up what is defined as money and which of these components is used most widely to identify what money ..
Find the fiscal policy approach utilized by the U.S., Germany, China, and the U.K. from 2008 until present. What approach did each of these countries take, and what was the change in GDP for each one of these economies from 2008 until present? Which ..
Develop a list of resources you might use to gather historical economic data as well as economic forecast data - Explain how and why each source is valuable and useful and identify any quantitative or qualitative forecasting factors contained in the ..
Would it be just be better off if all insurance was administered through the government since it could have everyone on it and pool the risk the best with greater numbers of people?
Why are supply shocks so much harder than demand shocks for monetary policy to adjust to? Use the graph below to show your answer to this question.
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