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Roads are (or at least should be) built to reduce transportation costs. Often we think in terms of saving time. However, as each vehicle enters the highway (with the same primary purpose), the highway becomes more congested. Assuming that no driver enters the highway with the primary purpose of causing congestion, the congestion that results is a negative externality. Discuss possible ways to reduce the externality of highway congestion. Don't be afraid to explore a variety of solutions.
Could the Coase theorem be applied in this case? Briefly explain.
Your answer to this question should be no more than one page.
The uninitiated might look at trading in futures and forwards contracts as Wall Street's way of just conducting an elaborate gambling operation, with bettors laying money on the direction of commodities, stocks, or other assets.
How do you define one person that has a comparative advantage over another if his or her opportunity cost of performing a task is lower than the other person's opportunity cost?
After that event, the euro has dropped again to 1.1$/€. What is the likely range of value of the EUR/USD in October 2015
Do you think the minimum wage law is an economically efficient means of reducing household poverty? Why or why not?
1.how were slaves involved in the new england economy in the 17th and 18th centuries?2.biotech is just one of several
What is the profit-maximizing price to charge a Texan for a car wash? What is the profit-maximizing price to charge a Californian for a car wash?
Suppose there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of wheat is 3 bushels of corn. For Nebraska the opportunity cost of prod..
Last year, Urbana Corporation had $197,500 of assets, $307,500 of sales, $19,575 of net income, and a debt-to-total assets ratio of 37.5 percent.
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:
On December 29, the cost of a skiing trip to Finse, Norway, was 6,500 krone. Two weeks later, the American dollar appreciated against the Norwegian krone. If the price of the trip in Norway remains the same: A)an American skier living in Florida will..
suppose fred deposits 8000 in cash into his checking account at the bank of bonzo. the bank of bonzo has no excess
You are considering to save some money. Out of your yearly income you will deposit a fixed amount per semester at a nominal rate of 8 percent per year compounded each 6 months during 5 years.
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