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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?
Estimate the relationship among inflation and unemployment.
Explain how does the EU help it's members economy Do we need a EU. What are positive and negative points to members.
Explain how each of the following will affect the relative values of the dollar and the euro:
The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 4,000QL and CF (QF) = 6,000QF. a. What is the follower's reaction function
Perfect competition guarantees allocative efficiency. A profit-maximizing monopolist can never be allocatively efficient.
Describe and explain the interest parity concept using formal methods Explain IS and LM curve behavior and nominal interest rate in the domestic economy,
Miller, R.L. (2012). Economics Today, 16ed. Addison-Wesley. p. 295. In today's economy what fiscal policies would you implement? Right now our economy is in a recession, as a Keynesain Economist, how would youl manipulate fiscal policy to improve ..
Assume you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
Elucidate how have these policies affected the prices of the product the industry produces?
If the total expense schedule for a perfectly competitive firm is and if market price is $60, how many units of putput will the company produce?
Marketing managers feel it is 1st important to get an idea of the climate in country towards foreign trade and investment. Examine Indonesia's trade policies as to how they advertise or restrict international trade.
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