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Q. Discuss the overall effectiveness of the organ procurement system in the United States. What are its strengths and weaknesses? What are the implications of an organ procurement system that allows individuals to sell organs in a market setting like any other commodity?
1. The FDA regulates the sale of drugs in the United States by requiring evidence of safety and efficacy. What effects does this have that might improve the health of the U.S. population? What effects does this have that might harm the health of the U.S. population?
3. Direct-to-consumer advertising (DTC) has been criticized for possibly misleading patients and for increasing spending on drugs. Discuss the benefits and costs of DTC advertising.
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
Repeat these calculations for the third, fourth, and fifth years, assuming that the Government taxes at a rate each year and has noninterest expenditures annually.
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.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Gains from trade will result if a country specializes.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
Calculate gross national product and net national product
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