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The State of Wyoming spends about $300 million dollars per year on higher education, and also provides generous Hathaway Scholarships. Does higher education provide enough positive externalities for that state subsidy to make sense economically, or should the provision of higher education just be left to the market?
at least one page excluding tables, figures and references. Discuss both sides of the issue, and support your arguments with facts. You don't need to draw a conclusion. You do need to properly cite references for the facts that you cite.
For the argument in favor of state subsidies, draw (by hand is OK, but make sure it's neat) a supply and demand diagram that shows the positive externality, the effect of the subsidy, the market outcome, and the socially optimal outcome. Carefully label your axes, curves, important crossing points, etc.!
This year, a competitor has developed a similar toy that has significantly reduced demand for the toy truck. Now the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is 100,000 tru..
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
Utilize the principle of contracting-out to provide an economic argument for contracting-out or outsourcing some government-provided service or aspect of a firm's production.
what level of output should be produced in each market and what price will prevail in each market? What are total profits in this situation? How would your answer change it it only cost demanders $5 to mail books between the two markets? What would..
Demonstrate each of the following events by a production possibility frontier graph, and examine what the effects of it were on economic growth;
European nation for three consecutive years and comment about possible time changes and eventual differences across countries.
A recent McKinsey report concluded that 'If a price war occurs in a specific market-Critically examine this statement.
Using the exchange rates and prices in the tables above:
The bonds have the characteristics - What is the value of the bonds?
U.S. industry responded to the undeserved domestic leisure travel market that existed in the early 1900s with a second wave of low cost carriers (LLCs)
Brian is taking three courses this semester: economics, statistics, and finance. He has decided to spend 19 hours per week studying his objective is to maximize his average grade.
If the government decides to intervene to return the economy to full employment, elucidate what will happen to the economy in the short run and in the long run.
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