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1. A special interest group cannot impose its will on the majority because the perceived costs and benefits from government programs are the same for both groups
A)True
B)False
2. Cost-benefit analysis can be applied to individual decision-making and public choice theory.
3. Public choice theory argues that one reason for rational voter ignorance is the indivisibility of public service.
What kind of consumers buy this product? Are there targeted marketing campaigns to specific groups of consumers?
Decribe how the Bank of Canada can affect interest rates and money supply in Canada. Be specific about the tools that are available to the Bank for such purposes.
If the price elasticity of demand for gasoline is 0.3, and the current price is $1.20 per gallon, what rise in the price of gasoline (in cents or dollars) will reduce its consumption by 10%? please explain.
Discuss how to use Coase theory to see mandated mercury emissions and what do you think Coase would say to a supporter of free market environmentalism.
Construct a numerical example to show that as marginal product (MP) rises, marginal cost (MC) falls. Explain your answer and use tables and graphs to illustrate.
What are the major reasons a multinational corporation would engage in Foreign Direct Investment (FDI)? Explain the factors in Michael Porter's "Five Forces Model" which affect the capability of any firm in an industry to earn the profit.
What are the advantages and disadvantages of the oligopolistic structure? How would an increase in a monopolist's fixed costs affect its profit-maximizing choice of price and quantity?
Explain why fitting a line of best fit through observed price and quantity combinations over time is not likely to yield good estimates.
In 2005, hogs in the US were selling for $67 each, down from $75 a year ago. This was primarily due to fact that supply had raise during the period to 1.8 million hogs per week.
Write down the differences between absorption and variable costing techniques on income statement presentation.
What is the opportunity cost of the decision to take these benefits from staying in the apartment and dick and Jane know that the annual property tax rate is 1% of the property value
Are you in favor of either deficit spending on the part of government or one of a balanced federal budget and budget surpluses?
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