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1.Tell me in 2-4 sentences why this relationship between price elasticity and the incidence of taxation is important for a local authority/government to understand. Specifically, in terms of policy implementation which will involve taxation.
2.Describe, in 1-2 paragraphs, the difference between a basic “cost-benefit analysis” and a “cost-effectiveness analysis”. In addition, tell me a potential scenario where a cost effectiveness analysis should be used instead of a cost benefit analysis.
3.Briefly describe the difference between “willingness to pay” and “willingness to accept” in relation to the demand for environmental goods. Include some thoughts on how the difference between these two measures can create challenges when using a stated preference approach for valuing environmental goods or bads.
What are three key events of the twentieth century that have shaped international relations today? Describe the events you choose and explain each of your choices.
What is happening to the US real exchange rate in each of the following situations? Explain.
The demand for good x1 is given by: (m/p1) - (p1/p2), where p1=1, p2=1, and m=10.Which of the following accurately describes the INCOME elasticity of demand?
Depends on economic casebook how much does it cost to make a pair of nike shoes international.
Describe the difference between marginal cost and average total cost. Why are both of these cost important to a profit-maximizing firm?
Why is that the pre-trade production points have a bearing on comparative costs under increasing cost conditions but not under conditions of constant costs?
Elucidate why the boundaries of the firms that group members currently work for are dawn at their current limits, and consider whether there are opportunities to increase the returns generated for your firm's owners by a change to those vertical o..
Micro media offer computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micro media is currently planning a two-day seminar ..
Price ceiling is the law that sets a maximum price below the equilibrium market price, but a price floor is the law that sets a maximum price above the market equilibrium price.
Suppose that the government imposes a temporary tarpon all imports, which makes imports more expensive relative to domestic residents (reducing the trade balance for any fixed level of the real exchange rate). Discuss the implications of this policy ..
An increase in the price of a good causes a:
Find the equilibrium price and quantity with QD' =80-10P and QS=10P. Find the equilibrium price and quantity with QD=60-10P and QS'=20+10P
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