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Question: We speak of Market Failures when there are no such interventions. What would a State Judgment be when you do it wrong? What is the criticism of only considering climate change as an "externality" in public policy? With such criticism, where are we in the learning pyramid?
Look at the plot of the logarithm of GDP for Japan in given Figure. Does this time series appear to be stationary? Explain. Suppose that you calculated the first difference of this series. Would it appear to be stationary? Explain.
Recently, some college alumni started a moving service for students living on campus. They have three employees and are debating hiring a fourth.
Think about how and why goods and resources are scarce. Goods and resources can be scarce for reasons that are inherent to their nature at all times.
In developing a subdivision, the developer is required to build the roads to the city building code specifications and to deposit an amount which will allow the city to repave the roads every four years for an indefinite period of time. The costs ..
Given this, what do you think are the prospects for Russia fully joining the global economy? Provide current and recent evidence to support your claim.
Suppose there is a surge in demand for olive oil after researchers discover that olive oil consumption reduces heart disease. Analyze the short and long run effects of this increased demand on you firm.
Suppose you are an economic advisor to the president, who has asked you to design a program to reduce the amount of unemployment associated with displaced workers. What major elements would your plan include
Use the Keynesian AD-AS model to answer the following questions. Draw the effects of a recession caused by a decease in aggregate demand. For simplicity, assume that your economy starts at general equilibrium.
Evaluate the efficacy of major types of health clinical outcomes one can use in economic evaluation analysis. This is the e-activity for the second question.
Analyze the dynamics of supply and demand to anticipate market equilibrium and analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
Go find an example that illustrates trade-offs between equity and efficiency.
How might interest paid on the national debt lead to greater income inequality?
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