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Recently, the U.S. Supreme Court ruled that cities could have voucher programs that give money directly to parents, and the parents can then choose between competing schools: public and private. The idea for promoting such a ruling was to create competition among schools. As with businesses, schools were expected to improve their products (how effectively they teach) to win students from competitors. Supposedly, that would mean an improvement in all schools, private and public, and would benefit many students. 1.Do you believe that such economic principles apply in both private and public organizations? Please defend your answer. 2.Are there other public functions that might benefit from more competition, including competition from private firms?
Illustrate we know about the effects of mandatory seat belt laws, which of the following groups would be most likely to mount a campaign to repeal those laws.
Over the past year price inflation has been 10% but the price of a used ford escort has fallen from $6000 to $5000. The real price of a ford escort has fallen by Elucidate how much.
The Microsoft Case Microsoft Monopoly--Why was Microsoft investigated for antitrust behaviour.
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
Illustrate what is being held constant when a demand curve for a specific product is constructed.
Elucidate what will happen to equilibrium cost and quantity of satellite TV service if wages of workers who provide satellite TV service increase while at same time cost of cable television service.
Tangents as a trigonometric function will be applied in our conversion of the Consumption Function in the Macro section of this course.
What is expected salary of a CEO who has been with company for years. Construct a 95% confidence interval on prediction for average CEO who has been with company for 10 years.
Give reasons to elucidate what the government would have to do to keep the unemployment rate at 3 percent.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
What appears to be major constraint that central banks used to determine limits of monetary injections into economy. Did United States use same or different criteria.
Illustrate what was the impact on the supply also demand of labor on one sector of the labor market. Elucidate the factors which affected labor demand also labor supply in the chosen historical example.
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