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If a fixed number of industrial polution permits are marketable, then we should just sell the right to smoke to the highest bidders rather than ban smoking outright in many cities, towns, business outlets, restaurants, and bars. It would reduce the economic losses and make the market more efficient.
A firm in perfectly competitive 'industry has this cost function: TC = 900 + q^2-If market demand is QD = 1800 - 20P, what is the long-run equilibrium price, quantity produced by the firm and the industry, and the number of firms in the industry?
Illustrate what are the comparative advantage that would exist when the selected country has a margin of superiority.
Assume that the following information about the economy is correct. The potential GDP is 3 percent. Real GDP has fallen at a minus two percent rate in the last 12 months.
How would you show what happens with equilibrium income if agents suddenly lose confidence and decide to spend less, even if their income has not changed?
Illustrate what are the roles of central bank independence and financial market development in budget deficits and inflation.
Who has the responsibility to decrease or eliminate unemployment. What is the role of business
What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.
Consider that demand elasticity is defined as the percentage change in quantity divided
Assume the 3 firms compete for market share over an infinite time horizon. Each firm takes the present value of 1 dollar tomorrow to be X dollars today, where 0
Is it wrong to use the total income test for elasticity, when there is a direct relationship between price and total revenue the demand is elastic.
Also address the impact of real GDP, the unemployment rate, and the inflation rate as measured by the consumer price index (CPI).
A change in the real money supply can result from a change in nominal money supply through Federal Reserve policy.
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