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1. T/F - Economic regulation involves government intervention in certain industries to make sure that there are fair practices that are being exercised.
2. A _________ is a minimum price guaranteed to producers by the government.
a) price floor
b) price limit
c) cross price
3. T/F - Both quotas and tariffs protect the domestic market and it protects domestic producers.
4. T/F - Air pollution is an example of positive externality
5. The _________ theorum states that externality would voluntarily negotiate and efficient outcome without government involved when property rights are clearly defined.
6. A ________ externality is a value lost to third parties who are not represented by the market supply and demand.
7. T/F - Antitrust policy allows the justice department to intervene when monopolies can potentially take place or is already in place.
Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business.
Other things being equal, explain the effect each of the following situations will have on either the demand or supply of corn. Explain also what the effect will be on equilibrium price and quantity. a. corn is now considered by doctors to be the mos..
If portfolios are formed by randomly selecting stocks, a 10-stock portfolio will always have a lower beta than a one-stock portfolio.
Maxi-mum corporation is looking at two major projects either of which, if successful. could put maxi-mum at the top of management consulting industry section. The project is $14,000,000 contract to help a fortune 100 company its corporate culture. Ex..
A firm charges $800 per unit for its unique solar panel. If total revenue is $56,000 in July, how many solar panels were sold in July? (Hint: How do you calculate total revenue?)
What lessons can we infer from history around the efforts to enact National Health Insurance and/or Health Reform? What are the economic rationales for different types of government intervention in health care?
A supermarket wants to allocate 1.75% as bounce to reward the hardworking employees from the total that will be made annually. The sales are expected to be $250,180 in the first year and $262,180 in the second year. The amount increases each year by ..
You deposit $1,000 into an account at the end of each year starting at the end of year 1. This account earns 7% interest compounded annually. How much money will you have at the end of 8 years? Note: you will make the final deposit into the account a..
Which of the following is an example of "peak-load pricing?"
What is organizational culture? What effect does it have on a organization.. Include in your rescission the positive and negative aspects of culture in an organization
How is power distributed in the U.S. political system? How does the U.S. political system reflect the distribution of power? List and discuss six ways in which urban planning can be political in nature. With references.
The demand for snorkels in Berhama is given by QS = 500 – 8PS and the supply of snorkels in Berhama is given by QS = 200 + 4PS. The demand for kayaks is given by Qk = 1850 –6Pk and the supply of kayaks is given by Qk = 50 + 1.5Pk. Both goods are curr..
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