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In the late eighteenth century, the price of bread in New York City was controlled, set at a predetermined price above the market price.
Draw a diagram showing the effect of the policy. Did the policy act as a price ceiling or a price floor?
What kinds of inefficiencies were likely to have arisen when the controlled price of bread was above the market price? Explain in detail.
The Pristine River has two polluting firms on its banks. Acme Industrial and Creative Chemicals each dump 100 tons of glop into the river each year. The cost of reducing glop emissions per ton equals $75 for Acme and $225 for Creative.
On Feb. 12, 2015, you buy a bond that pays a semi-annual coupon of $100 on Feb. 12 (including today) and Aug. 12 until the final coupon payment on Feb. 12, 2018. In addition, the bond will pay $10,000 on Feb. 12, 2018. What is the maximum price you c..
Illustrate what is the effect of Westland's expansionary monetary policy on Eastland's nominal exchange rate in the short run and in the long run.
Draw a cash flow diagram for just the tax amount due to the depreciaiton, including the gain from this portion at EOY 8. Calculate the present worth of this cash flow. This is the amount gained by depreciating the property.
Elucidate how would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working ultimately alter the male-female wage gap.
q. budget constraint suppose that there exists two goods in the economy soybeans s and textiles t and their prices are
How do mandated benefits affect labor market outcomes? Why do these outcomes differ from those resulting from a payroll tax? What is the deadweight loss arising from mandated benefits?
What variables to include in x. What functional form to use; should x include higher order, interaction terms of variables.
Assume only two countries, China and the US. If China decides to stimulate growth through a policy of running a large export trade surplus, does China’s national saving increase? Show the relationship between China’s national savings, domestic invest..
If the price of motel room increases by 10% while the prices of other goods and services increase by 5% on average, the relative price of motel room has?
respond to the following criticism using the criteria below criticismfunding for health care has become a standard
q. suppose that at the equilibrium price and quantity the marginal revenue is -15 and the price elasticity of demand
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