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1. Some people have suggested that forced population control is an efficient means of reducing the Tragedy of the Commons associated with our clean air and water resources. Provide an argument that would support this theory, and also an argument that would oppose this theory. Then, provide another possible solution that would rely on market mechanisms.2. Describe a government-created monopoly. Why might one be created? Give an example.
Provide the key provisions of the tax cuts passed through Congress in spring 2003 and explain how would these tax cuts be represented by the aggregate expenditure model and the IS curve
Using graphs, describe the economic impacts of a tariff on a nation welfare, and show how a tariff would affect the current equilibrium value and quantity and import levels within a market.
Use the following equations for exercises 16-18. C=$100+0.8Y, I=$200, G=$250, X=$100-0.2Y 1. What is the new equilibrium level of real GDP if government spending increases by $150? 2. What is the new equilibrium level of real GDP if government spendi..
Assume the Fed's Beige Book reported that in South Florida, bookings for the summer tourist season were off to a slower start than last year
Elucidate the difference between a monopoly and an oligopoly, and a cartel. Provide an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?
If velocity is unchanged and the money supply grows by 13% and the real GDP grows by 4%, what is the rate of inflation?
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Elucidate the policy which change, you would recommend also how this change would be financed.
Suppose, in a given week, float raises $900 million, Treasury deposits at the Fed rise $1500 million, discounts and advances decline $200 million, and foreign deposits at the Fed increase $150 million.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Write down a paper which provides an economic profile of the automotive manufacturing industry.
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