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a) Using an example explain why negative externalities lead to inefficient overproduction and discuss one way government can ensure a more efficient outcome.
b) Discuss using an example what are public goods and why does it lead to a free rider problem.
c) Why is fishing in the ocean, where there are no well-defined property rights, a concern regarding our ability to ensure sustainable use of our fishing stock? Research what is being done in New England coastal fisheries to ensure sustainable cod fishing.
What incentives are created under a first come, first served allocation mechanism - The market system may not be efficient because people want more of the product.
What is elasticity of demand and how is the notion utilized in economics? Please explain and elaborate.
Would you be indifferent between the plans?
What is the current equilibrium level of GDP, what is the level of injections and what is the level of withdrawals?
a firm is a monopoly with demand and cost functions given by p 200 - 2q and cq 2000 3q2 respectively. show your
State thes implified version of the problem in which the household chooses tomorrow's capital stock instead of today's investment .2 Given the Setup in 1.1, state the current value Lagrangian. .3 State the household's first-order conditions for cons..
suppose Arnor and Gondor are two very similar countries that started out with identical population, technologies, etc. except that Gondor has a much higher mortality rate due to a more hazardous geographical location.
Examine the models of oligopoly and create at least one recommendation for improvement. Describe your rationale.
"Retail inflation has been in double-digit for nearly a decade, therefore, it is reasonable to argue that the monetary policy in India should continue to have a tight bias-at least for some more time till the cyclical effects even out."
What are the equilibria for the previous differential equation and What are the equilibrium points for y' = -1?
Once you finish reading the Case Study, you are to answer the following questions: 1. What kinds of "economic policy mistakes" did the U.S. make in late 1920s that may have resulted in the Great Depression?2. What role did you think the gold standar..
competitive dynamics in the banking sectorthe treasury presentation earlier in the week to the senate inquiry on
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