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What types of policies might be proposed by a government if information failure (Markets may not provide enough information because, during a market transaction, it may not be in the interests of one party to provide full information to the other party.) occurs? A. why would these proposals be effective? B. Are there any negative side effects to the proposed policies?
how the change in money supply affects investment demand and as a consequence, aggregate demand. What role dose the spending multiplier play in this process?
Game Theory (Stag-Hunt Game): N players go hunting; each can choose to hunt either stag or hare, so the set of actions available to each player is {S,H} (S stands for hunt stag, H stands for hunt hare). If all N players hunt S, then each gets payoff ..
Economists sometimes shock noneconomists by stating that they do not favor the complete elimination of pollution. Explain the rationale for this position.
Macintyre in his account of Aristotelian virtue, states that integrity is the one trait of character that encompasses all the others. How does integrity relate to as Macintyre said, the wholeness of a human life?David Starr Jordan (1851 1931) an edu..
Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary"
If you were to be a retailer, would you want to sell elastic or inelastic goods? State your reasons in your answer.
How much would government get if it introduced a 15 percent income tax? Revenue $ d) How much would government get if it introduced a 15 percent sales tax on final output?
Elucidate why labour force participation rate for two groups might differ. Why might human capital choices differ between selected groups.
Compare and contrast the different stages of the business cycle and how inflation and unemployment vary via these different stages. Then discuss the appropriate fiscal and monetary policies to address inflation and unemployment.
What are the most difficult aspects of the Coase Theorem in solving a problem like spread of a dangerous flu by those who are not vaccinated against it? Assume the vaccine is 99.9% effective.
If a person with utility from income is U = ln Y (where Y is income) and an initial income of $50,000 faces the risk of losing all of her income except a dollar with a likelihood of one percent, what is the most you could charge such a person for ful..
Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.
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