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How might a government solve the problem of overfishing by assigning property rights over areas of the sea around the local coastline to a single fisherman?
[hint: he can charge other fishermen a fee to be able to fish in "his" sea]
Have property right policies been successful in Asia in practice? What are the big issues faced with assigning property rights in this context?
Investment A has an expected value of five and a standard deviation of two. Investment B has an expected price of 10 and a standard deviation of five.
The United State imports Japanese cars with a domestic price of 5,000,000 yen and the yen or dollar exchange rate is 120 on January 1, 2003.
Explain the difference between average revenue and marginal revenue. Discuss why are both of these revenue measures important to a profit-maximizing company?
Which of these concepts can be used to formulate a practical choice criterion in benefit-cost analysis and why may it be difficult to use one or more of the others in this way.
An article written immediately after re election of George W. Bush referred to his environmental rule system where power plants purchase and sell the right to pollute in form of emission credits,
Calculate the quota rent and asuming that the quota licenses are given to domestic producers, what is the net effect of the quota on Agronomia's welfare?
Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model what happens when these two countries move frome no trade to free trade? Wages in France's rice industry? Wages in France's steel industry?
Use the specific factors model, describe why you might expect to see certain capital owners and labor groups discussing against developing trade in a capital abundant country.
Draw a production possibilities curve for Mexico and use the two above charts to answer the following questions.
As a seller of data to customers in Brazil, suppose you are an exporter and you periodically buy advertising space on Brazilian Web sites to advertise your service;
Determine some documented mistakes made in the past in marketing existing North American items to international markets?
Explain 3-ways in which Federal Reserve can change the money supply. If the Federal Reserve is going to adjust all of these tools during an economy that is increasing too quickly.
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