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Question: the coase theorem says that if the people can negotiate the right to perform activities that causes externalities, they can always arrive at efficient solutions to problems caused by externalities. use an example to explain why the people that are harmed are willing to pay to stop pollution.
(a) What is the monthly instalment of the loan payment? (b) What will be the remaining loan balance after four years of the loan period?
According to the Harrod-Domar model, which are the determinants of economic growth? List the stages of development in the linear stage model. Describe the “Traditional Society Stage” in the linear stage model.
What is a definition of externalities. How does the presence of an externality distort a normal free market?
What are the four activities related to human resources planning?
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5. Eleven sellers are also willing to sell at the same prices. What is the equi..
1. What is the balance of payments? Why must the balance of payments generally add up to zero
"A higher interest rate lowers the present cost of future consumption." "A higher interest rate raises the future cost of present consumption."
Based on what you have learned about the relationship between TR and elasticity of demand, explain how an airline might take advantage of this information in order to maximize its profits? (Tip: How does an airline company separate the market of cons..
Why is it important for human service professionals to understand the basics of pregnancy and normal childhood development? Describe normal development from birth to 2-years of age and the nature-nurture controversy. Give specific examples.
You may discuss from a single country's point of view(either Australia or New Zealand).
Suppose that a firm’s production function is given by Q = KL + K. At point A, the firm uses K= 3 units of capital and L = 5 units of labor. At point B, along the same isoquant, the firm would only use 1 unit of capital.
Billy and Bob are both 50 years old and work at the same rm. Billy is a more able individual and presently earns $90,000/year; Bob earns $50,000/year. They have the opportunity to enroll in a job-training course for a one-time cost of $10,000. What i..
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