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List the three most important expenditure programs of the federal government. How do these differ from the three most important expenditure programs of state and local governments? Explain why it makes more sense for the federal government to purchase "national defense" rather than state governments.
Assume that a captured stag is shared only by the hunters who catch it. Under each of the following assumptions on the hunters preferences, find the Nash equilibria of the strategic game that models the situation. Each hunter prefers the fraction 1/n..
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
Some economists have suggested that we replace our system of taxpayer-guaranteed federal deposit insurance with a requirement that banks obtain deposit insurance from private insurers. Some economists argue that society would ultimately be better off..
Illustrate what factors might explain why the $A went so low when the Global financial crisis hit the world economy in late 2008?
Average cost includes both fixed and variable costs, whereas the marginal costs include only variable costs. Therefore, marginal cost is never greater than the average cost." Comment on this statement.
In a macroeconomic equilibrium,
Illustrate what are the correesponding average tax rates in the regressive and progressive tax systems.
If the government wants to contract aggregate demand, it can ________ government purchases or ________ taxes.
q. 1. elucidate how changes ini. population growth rateii. savings rateiii. technology growth rate change the
Explain why it is in the best interest of society to treat these types of property the same or differently.
Government action is based on majority rule, whereas market action is based on mutual consent. The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken thro..
Find out the Nash equilibrium prices of the procedures at the hospitals. Do the merger result in price increases.
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