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Which of the following is an example of an external cost?A. secondhand smokeB. increased gas prices for drivers of SUVsC. the cost you pay your plumber to install a new hot water heaterD. your high electric bill that results from leaving your lights on all night2. Price controls instituted by President Nixon in 1971A. generated shortages in the markets for construction, wool, oil, steel bars, toilets, jeans, and others.B. generated shortages, confined mostly to just the markets for gasoline and oil.C. were successfully able to control inflation by 1973.D. were set above the equilibrium prices and made little impact as a result.3.If a tin of sardines creates a noxious odor for non-sardine-eaters equivalent to $1 per tin, the government could correct the odorous externality and achieve an efficient outcome byA. taxing sardine tins at a rate of $1 per tin.B. subsidizing sardines tins at a rate of $1 per tin.C. capping total sardine consumption at 1000 tins per day.D. banning sardines.4 In 1974, there were ________ airline firms operating in the United States.A. 10B. 79C. 38D. 165When speculators are right, they make society better off. TRUE OR FALSE
assume that the industry you wrote about in assignment 3 wants to expand and has to make some longterm capital
discuss why would cash transfers typically be preferred by recipients over in-kind transfers? what are the pros and
The following graph shows the daily market for wine when the tax on sellers set at $0 per bottle. Suppose the government institutes a tax of $5.80 per bottle, to be paid by the seller.
Consider a variant on the Aghion and Tirole (1997) model. Poppy, the principal, and Aiden, the agent, together can decide on implementing a new project, but both are unsure of which project is good and which is really bad. Given this, if no on..
Determine the mariginal product. Determine the average product function. Find the value of L that maximizes QFind the value of L at which the marginal product function takes on its maximum value.
Discuss advantages and disadvantages of each system and explain how exchange rates are determined under each system.
How would each of the following developments affect the U.S. monetary base, money multiplier, andmoney supply? Explain.a. The Federal Open Market Committee decides to purchase $40 billion of mortgage-backed securitiesevery month (like the thir..
Dakota Publishers prints coffee table photo books of the Great Plains and mountain states. The marketing manager generally prices books at $35 each and sales average 4,000 copies per month. Last month, she had a sale and priced volumes at $22.50 each..
Assignment: Research two periods in history, one where the United States experienced an increase in inflation and the other an increase in unemployment. Write a paper discussing the causes and outcomes. Use the aggregate demand and supply mo..
outsourcing offshore please respond to the following answer the following discussions on the decision to outsource
analyze the process of forecasting foreign-exchange rates and create a short list of best practices. explain your
1. computer products corp. sells peripheral equipment used by both private businesses and the government. due to a
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