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In a competitive model, the only valid argument for a tariff is the Optimum Tariff Argument. All other arguments are ones for subsidies.' Discuss.
What is your total cost? What is your Average Fixed Cost? What is your Average Variable Cost? What is your Average Total Cost?
Consider the basic Rothschild-Stiglitz model with asymmetric information and two types on consumers. A policymaker who has taken this class suggests that is might be beneficial to impose a flat tax on healthy people and distribute the tax revenue to ..
Which of the following is not an example of moral hazard?
based on market research a film production company in ectenia obtains the following information about the demand and
Why do economists use economic models when making predictions or assumptions about the economy? Which economic model do you believe is the most beneficial to YOU at the present time? Why?
Write a ~350 word essay explaining which process your believe is preferable in a democracy and why (either choice is fine as long as it is well supported): the hybrid process of the Democratic party, or the Republican party process in which all deleg..
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. If these countries were open to trade, which country would export shirts? Which country would benefit from t..
In evaluating the accuracy of their statements, should one distinguish between (i) economist’s descriptive statements, propositions, and predictions about the world, and (ii) their statements about what policies should be adopted. Explain in detail
Diminishing marginal returns begins with which employee? Suppose a pot sells for $20 each. What is the marginal revenue product of labor of the second worker? If wages are $50 per day and pots sell for $20 each, how many potters will the firm hire?
Steven and Joe are roommates in a cramped apartment, and they’re increasingly getting on each others’ nerves. Steven is vegan, a smoker, and extremely hygenic. What are the parties’ threat values if Steven enjoys the legal right to smoke indoors? Sam..
Describe the functions of money and consider the U.S. dollar as an example. Although the U.S. dollar has little or no intrinsic value, why do people want it so much? Can you think of other example of things that act as money in our society?
When you paraphrase information you found from an outside source,
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