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The federal government's nutrition guidelines urge adults to eat at least five cups of fruits and vegetables each day. Does consuming fruits and vegetables have a positive externality? Should the government subsidize the consumption of fruits and vegetables? Briefly explain.
1. consider an economy described by the production functiony fkl k3l7a. what is the per worker production function?b.
Consider two goods: pizza and Coke. Along an individual's demand curve for pizza, as the price of pizza falls, does the marginal utility per dollar spent on pizza always equal the marginal utility per dollar spent on Coke? In other words, does th..
Nova corporation just announced that it had a record year. Its earnings have increased nearly 10%. Explain how this announcement can lead to a decline in the price of Nova Corporation's Stock
Many states have usury laws, which place a ceiling on interest rates. Why do most economists dislike these laws?
What incentives do pharmaceutical companies have to undertake R&D in medicines for treating AIDS? Malaria? Erectile dysfunction? What can policymakers do about this?
measure ofwell-being and welfare of a nation are?
The firms and workers in Alpha form expectations adaptively. The firms and workers in Omega form expectations rationally. Their otherwise identical economies are initially in equilibrium at the natural level of output with 10 percent inflation.
let the exchange rate be defined as the number of dollars per japanese yen. assume there is an increase in u.s.
What is the impact of a demand-side approach to affordable housing needs, such as federal subsidies to households, compared to a supply-side approach -- such as the LIHTC, that contributes to the production of affordable housing units?
Given this information draw two graphs: a graph of Josie's production possibility frontier and a graph of Mark's production possibility frontier. In your graphs measure cakes on the horizontal axis and gadgets on the vertical axis. Given the above..
In the chapter we mention how prices can vary in a tourist trap. Which market, St. Louis or Chicago, was more likely to behave like a tourist trap? Explain.
a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can
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