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Describe a situation in which there is an economic argument for regulation the quantity of pollution reduction in order to achieve reduced pollution levels rather than using a tax.
Describe which market participants you believe benefited from the final court decision and whose interests were harmed.
The Law of Demand states that the demand for a product is inversely related to the cost of such product.
Why does the assumption of independence of risks matter in the examples of insurance.
What are some of the tools that countries use to restrict trade and why do countries impose them? Can you think of any real life examples? What is TPA? What's at stake with these aforementioned agreements? Do you think that trade restrictions will be..
Top four firms in Industry B have market shares of top four firms in Industry B have market shares of 15,12,8 and 4 percent, respectively. Calculate four-firm c0ncentration ratios for two industries. Which industry is more concentrated.
Apply supply and demand analysis to price determination and predict changes in supply and/or demand. Analyze the effects of elasticity on consumer and business behavior.
You owe $1000 on your credit card. The APR is 24%, compounded monthly. The credit card company indicates that your minimum payment is $22.44. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..
Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.
Suppose that consumers decide to consume less (and therefore to save more) for any given amount of disposable income. Specifically, assume that consumer confidence (c0) falls. What will happen to output.
The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 1 percent. Describe how this unexpectedly low inflation rate would help or hurt the following: homeowner with a fixed- rate mortgage. a union worker in the second ye..
Social Responsibility: To include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities. Why is active economic citizenship particularly important for a succes..
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