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Most recommendations for dealing with bribery and corruption are economic in nature; for example raising salaries, increasing punishment, and stepping up surveillance. Are there other ways to deal with corruption and bribery from a broad, social point of view? Defend your answer and cite one or more examples.
Describe "how" producer surplus is measured? What happens to producer surplus when the price of a good rises - all other things equal.
State how each of the following affects the ADI curve, and EXPLAIN.
Suppose a small, relatively poor country decides to pursue trade and financial sector liberalization, opening up its economy to international transactions with the rest of the world in goods, services, factor services and assets. Assume it will follo..
Explain in detail the Kyoto Protocol and its current refinements. Why the protocol was negotiated, which countries have participated and which not, and what do you expect for the future of such a protocol? Do you think that countries could trade CO2 ..
Lets denote the price of a nonmaturing bond (called a consol) as Pb. The equation that indicates this price is Pb = l/r, where l is the annual income the bond generates.and r is the nominal market interest rate. What happens to the bond’s price if th..
What is the future worth of $ 1000 in month 1, $1,040 in month 2, and amounts increasing by $40 per month through month 12, at the end of year 2 if the interest rate is 23.7631528% per year, compounded continuously?
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $8 million. The machinery can be sold to the Romulans today for $6.7 million. Klingon’s current balance sheet shows net fixed assets of $3.1 million, current liabilities of $..
Pick one company and analyze that company. Identify one concept from all of the following 1. Basic economic relations 2.Statistical analysis (history/competition)
What was the legal reasoning behind the Supreme Court’s decision in the Brown v. Board of Education case? What was the counterargument made by segregationists that were expressed in "The Southern Manifesto". What was the ultimate impact of the case o..
Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and aregular brokerage account. Your marginal federal tax rate is 15% now and 15% in retirement. Compare after-tax returns on all three forms of investment. Rank the investm..
Econ 522 - Economics of Law - Fall 2015 - How much money will you choose to spend on fireworks, and how much on beer and
Suppose that the cost function of a firm is C(q) = 10 + 3q + 0.1q 2 and that it operates under perfect competition. If p = 4, find the optimal quantity, the costs, the revenue and the profits. Find the price at which the firm makes zero profits, that..
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