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Who should pay the external costs of driving?
Driving a car has external costs. The health cost of pollution alone has been estimated between $.40 and $6.00 per gallon of gasoline consumed. (It is very difficult to measure the health costs. We are uncertain which health problems pollution causes and the cost of particular health problems are difficult to measure.)
"Should the external costs of driving cars be paid through a tax on gasoline?"
Identify the strongest two arguments in favor of such a tax and the strongest two arguments against such a tax.
Consider the independent private value auction setting that we talked about and solved in class. Assume that there are a total of n bidders (including yourself). The valuations are uniformly distributed [0,1]. Assuming that everyone else plays the pr..
It was reported that Japan's fishing, aquaculture (tuna and salmon), food processing factories and cold storage areas had been badly affected.
An entrepreneur needs funds for a project. He has funds of his own, but enough to cover the required investment of $100. If the entrepreneur doesn’t misbehave, the project will succeed with probability .9, yielding a gross return of 120 in one year. ..
Locate two recent articles regarding the global economic growth. Why do economies grow? Support with the findings from the articles and other sources you would like to use.
Which of the following shifts both short-run and long-run aggregate supply left?
In the highly competitive setting in which oligopoly firms operate, which of the following are considered to be typical temptations each may face?
sometimes a bidder on a work contract may bid lower than what would maximize hisher profit from the contract and the
Describe the four basic types of market structures. Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words, Identif..
Which of the theories of comparative advantage could explain why the United States exports computers to Japan at the same time that in imports computer from Japan? Explain?
marginal rate substitution kim enjoys eating muffins and cones.the following graph display one of kims indifference
Using a market or industry as an example, explain how the Prisoners' Dilemma game helps explain observed (real-world) behavior among oligopolistic firms.
The KOF Index of Globalization, provided by the KOF Swiss Economic Institute, measures globalization on economic, social, and political dimensions. Provide a brief analysis (not a description) of this index and its ranking using concepts from the tex..
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