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Discussion Questions
The Canadian Government was able to achieve a reduction in cigarette smoking such that when the price was raised above $4 a pack adult smoking declined by 38% and teenage smoking declined by over 61%. What economic principle was at play here? Why the difference?
The US announced a stated goal of reducing teenage smoking by 30% in five years and 50% in seven years. What would you propose the tax rate should be over that period of time and why?
How would you consider "what you learned" about elasticity of demand from this case study about the taxing of cigarettes?
Presume a person has $80 to spend only on two products: x and y. X cost $4 each, and Y cost $1 each. This person has preferences for X and Y given by What is the utility-maximization bundle of this person?
Discussion question: How would you evaluate the riskiness of a security? It has to be a 1400 - to 1700 words and 5 references not from blog, wiki, etc
In order to promote creativity, the internet is designed to allow for anonymity. Discuss the pros and cons of allowing internet users to be remain anonymous (2-3 sentences each).
Assuming free entry and exit, what happens over time? (Hint: Think about what incentives this creates for other entrepreneurs & investors.) What does this do to the market supply curve? How does this change?
Mrket failure occur because
Suppose you are using risk-benefit analysis to evaluate a policy aimed at limitingthe use of a pesticide applied to grain crops. Describe the risks and benefits that would have to be estimated to conduct this analysis properly.
The demand for labor is said to be a "derived" demand. What is the meaning of a derived demand? How does this concept help to determine the demand for labor?
What is the value of prototyping in project
If there's no choice, then the price [of cable] is at the whim of the provider." In a situation in which the consumers in a housing development have only one cable company available, is the price really at the whim of the company? Would a company ..
In Virginia, what is the marginal rate of transformation between wheat and cotton - Does Player A have a dominant strategy
A new stadium is built in a municipality that results in an additional annual spending of $30 million. The MPC for the area is .8 and 60% of additional spending takes place in the city where the stadium is located. What is the overall annual economic..
Explain and illustrate four ways in which government intervene in markets
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