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ai) Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram.
aii) Is it fair to charge all households a flat rate for waste disposal? Why or why not?
bi) Are common resources public goods? Why?
bii) Are OUHK television programmes broadcast on television public goods? Briefly explain.
biii) Professor Paul Romer of Standard University argues that market mechanism and private property rights are excellent ways to preserve common resources, but not so good at encouraging production of new ideas or inventions. Do you agree with Professor Romer? Why or why not?
They face a straight market demand curve that runs from $500 on the price axis to 1000 on the quantity axis.How much profit will they make at that quantity? Why is this firm a natural monopolist?
Education (e.g., elementary and secondary education, higher education-undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service)
Evaluate in relation to the key export readiness requirements and identify any characteristics that may be important to the company's potential export success.
Illustrate what best depicts se events on market for recycled materials. Price remained constant.
q1. state two economic principles of taxation and which principle best justifies the excise tax on gasoline when the
q1. explain why is dispute among international dependency and the neoclassical counter-revolution schools referred to
Common website navigation types include all of the following except
In your opinion, discuss when it makes sense to forego purchasing car insurance (assuming the state did not require it). In your answer, use moral hazard and risk aversion to describe your decision.
Explain what the political motives are behind more third world countries joining the international market. What is/are the motivational factors?
The coach wishes to Conclude how to assign four swimmers to the four different strokes to minimize the sum of the corresponding best times.
When an excise tax is collected from sellers of a product with relatively inelastic demand, which of the following occurs?
q1. the government is considering a policy to reduce air pollution by restricting the use of dirty fuels by factories.
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