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1. Los Angeles is committed to raising $1 billion for a new stadium. It is considering a $1 surtax on all cab rides because most cab rides are by non-residents. Use supply and demand to evaluate the wisdom of such a tax. 2. Tokyo has won the right to host the 2020 Summer Olympics, but it might have made itself worse off by doing so. Use the appropriate model to explain why this is so. 3. A recent economic study found that the difference in prize money between the winners of downhill ski races and second-place finishers is much less than the difference in professional golf tournaments. Use an appropriate model to explain why this is the case.
What are the potential consequences of a country having a large overall national or public debt? If you were in the position to implement a solution for the country's long-term debt, what would it be and why?
suppose that the t-account for first california bank is as follows.assets liabilitiesreserves 50000 deposits
1. find thenbspy-intercept of the line represented by the following equation.nbspnbsp-2xnbsp 2ynbsp 162. write the
Becky really likes Macaroni Grill but can only afford to eat out 4 times a year.So calculate for restaurants the income elasticity of demand?
if rd 240 - 30 iff given the information above what is the market clearing federal funds rate? assume that this is
Arkansas has one of the highest numbers of STLs in the United States. In an effort to recoup the costs of dealing with the meth epidemic, twenty countries in Arkansas filed a suit in a federal district court against Pfizer, Inc., and other compani..
What is the equilibrium quantity in this market and what is the equilibrium price in this market and what are the resulting output, revenue, cost, and profit of the typical firm?
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
a monopoly has demand given through p20000-25q and costs given through cq100q25q2. determine the profit maximizing
Suppose that in response to a foreign crisis, the goverment increases defenst spending to $50 billion. How would the increase in defense spending affect the economy How would the effects differ depending on the size and sign of the output gap when..
What is the equilibrium price and quantity and assume that changes in fashion cause the demand for tshirts to rise by 4 million at each price. What will be the new equilibrium price and quantity?
Listen carefully to the following video and summarize the main points that he is making and to what extent is it related to Adam Smith's invisible hand
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