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Both public goods and common resources involve externalities.
a. Are the externalities associated with public goods generally positive or negative? Use examples in your answer. Is the free-market quantity of public goods generally greater or less than the efficient quantity?
b. Are the externalities associated with common resources generally positive or negative? Use examples in your answer. Is the free-market use of common resources generally greater or less than the efficient use?
1-what is foreign aid and what is the goal of foreign aid? does foreign aid promote economic development? explain.2-how
write a 6-8 page paper in which youanalyze the current health care delivery structure in your state. compare and
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Consider the market for used cars. Each car on the market has a quality, denoted q, which can take any number between 0 and 10, with equal probability. In other words, q follows a uniform distribution on the interval [0,10].
If economists wish to determine relative factor abundance across countries, why don't they simply calculate wage/rate ratios across countries and then compare these ratios?
QUESTION 1: A quant jock from your firm used a linear demand specification to estimate the demand for its product and sent you a hard copy of the results. Unfortunately, some entries are missing because the toner was low in her printer. Use the i..
1) What are some of the policies that the U.S. and England utilized to promote development?2) What goals were they trying to achieve with these policies?3) What relevance do these examples for development policy today? What lessons should we learn?
Cool-Aire Corporation manufactures a line of room air conditioners. Its break-even sales level is 33,000 units. Sales are approximately normally distributed. Expected sales next year are 40,000 units with a standard deviation of 4,000 units.
Suppose that the money market is initially in equilibrium for an economy. Describe with the aid of a diagram how market adjusts to an increase in money supply, an increase in real GDP
Identify the ethical and legal issues of which Albert needs to be aware - Discuss the advantages and disadvantages of each decision that Albert could make and has made.
Suppose You have been employed by an unprofitable company to determine whether it should shut down its unprofitable operation.
What themes stand out to you in each work? What elements are present in the works that lead you to select those themes? How do these themes fit the literary movement to which each work belongs?
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