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1. What is the externality associated with an individual driving on a congested highway? how do tolls help alleviate this externality? How should tools be set? (Hint: would you always want the toll to be the same all day?)
2. The steel industry pollutes the atmosphere as a consequence of its production process. Is it possible that it would be better for society that steel is produced by a monopolist instead of a set of perfectly competitive firms?
3. Farmers irrigate their crops by drilling wells into the aquifer. As farmers pump more and more water from the aquifer, all must frill deeper to reach water: and the deeper the well, the more costly it is to pump the water
a) Identify the missing property rights in this instance
b) Is there an economic argument for limiting the amount of water farmers can pump from their wells?
Illustrate what way does investment multiplier defend the policy of public workson the part of the state during business depression.
q.throughout history the most popular form of money has been gold.a. provide 3 reasons why gold has been such a popular
q1. sprint prior to spinning the businesses off to concentrate on cellular phone service provided both local and long
Find a current article about one or more of the macro variables for a nation of your choosing, such as GDP, employment, inflation, or international trade.
Sweden has a floating exchange rate. It is considered that the output is lower than the potential and there is disinflation which sometimes leads to deflation. What can the central bank do in this mode to stimulate the economy? What is the impact of ..
The term________ refers to a market exchange that affects a third party who is outside or external to the exchange. Which of the following is used to describe the full spectrum of animal and plant genetic material? Property rights are the legal right..
In which direction will the scale effect change the firm’s employment of labor? c. Can you say conclusively whether the firm will use more or less labor? More or less capital?
should the fed be independent?1. nbspthe federal reserve system has a large measure of political independence. the
As we observed in this chapter, central banks, rather than purposefully setting the level of the money supply, usually set a target level for a short-term interest rate by standing ready to lend or borrow whatever money people wish to hold at that in..
Will I be better or worse off as a result of taking out this loan. Can you create a case for legalizing loan sharking.
Determine the quantity demanded, the quantity supplied, and the magnitude
Effects of the financial crisis on selected countries - Leitfaden zum Anfertigen der wissenschaftlichen Arbeiten Bachelor Thesis,
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