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When transaction costs are low enough, efficient resource allocation will follow regardless of the particular assignment of property rights. When transaction costs are high enough, efficient resource allocation requires assigning property rights to the party who values them the most. Give an example of each case
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium point.
If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:
The asset (liquidity preference, or speculative) motive/demand for money relates primarily to money’s medium of exchange function. A Keynesian would view expansionary monetary policy as having its impact primarily through its effect on interest rates..
An upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing.
It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution
Compare and contrast the difference between dynamic (intertemporal) efficiency and static efficiency with respect to non-renewable resources. What are the efficiency conditions for each? What costs reflected in the inter-temporal analysis are not cap..
Neal Rubin, while driving his car in Chicago, inadvertently blocked the path of a Yellow Cab Co. taxi driven by Robert Ball, causing the taxi to swerve and hit Rubin’s car. Angered by Rubin’s driving, Ball got out of his cab and hit Rubin on the head..
calculate the price elasticity of demand for each product and compare with your teammates' elasticities.
Although there was no migration between the states, after Jan. 2003 employment rose in Hamilton and fell in Franklin. How can this be explained.
Illustrate what does this imply about short-run and long-run Phillips curves in se two types of countries. Illustrate what does this imply about effectiveness of monetary and fiscal policy to reduce unemployment rate.
Do you believe that profit (or shareholders wealth) maximization still represents the best overall economic objective for today's corporations.
Why is fiscal policy slow to affect economic growth? Why does monetary work so much quicker to boost the economy than fiscal policy? Why does fiscal policy often contradict monetary policy and often hinders economic growth during recessionary periods..
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