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Please use trade policies as examples to discuss the politics behind policy making. In particular, please explain why some policies got implemented even though they may be against economic principles.
How do Pigovian taxes internalize externalities? Suppose that we are able to identify that the external cost of driving cars is $5,000.
How have the two political cultures of Texas, individualism and traditionalism, been reflections classical liberalism and social conservatism?
Incomplete information frequently lowers the average quality of products and services exchanged in markets. This phenomenon, at times called the "lemons problem," Why efficiency in markets with incomplete information present lower than in those with..
How are individuals impacted by the financial markets? How does the financial markets impact economic growth? Venture capitalism and risks? How does healthy financial markets create jobs?
Kyle is a college student who owns a painting business during the summer. He earns $4,000 in revenues from his paining business and he spent $1,000 in painting supplies. What is Kyle's accounting profit? Is Kyle’s economic profit higher or lower than..
a) Find the probability that there are exactly five calls in one hour.
What is a specific, "real-life", example of a type of human resource (job skill) that earns a "much greater than average" wage or salary in the United States today? Your posting should be at least two paragraphs long, and identify a specific good or ..
Explain why there would be such a discrepancy between the multiplier formula results and actual outcome.
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for hours and spend A dollars advertising, your benefit (the amount you revive when you sell your car) is B(H,A)=220H-H^2+2A. Both H and A ar..
GDP is defined as the market value of all final goods and services produced within a country in a given period of time. In spite of this definition, some production is left out of GDP. Explain why some final goods and services are not included.
If real GDP increases by 5 percent next year and the price level goes up by 4 percent, by how much will nominal GDP increase?
Find a real world example of a game-theoretic situation, in which one “player” gains by making a strategic move. Briefly describe the situation. Is the strategic move a commitment, a promise, or a threat? What does the player do to make her/his strat..
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