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What divergences arise between equilibrium output and efficient output when spillover benefits and costs are present? Provide some "real-life" occurrences where both a positive and negative externality took place. What was the role of outside market forces in these situations?
Answer the next three questions on the basis of the following production possibilies data for Francia and Galacia. All data are in tons.
Illustrate what do each of the following seek if they pursue their own self interest: consumers, resource owners, and business firms.
Compute the level of GDP per capita in each country measured in local currency. Compute the marker exchange rate between the currencies of two countries.
For several years, Palm was the dominant manufacturer of PDAs (personal digital assistants). However, a number of other manufacturers have since entered the PDA market.
Discuss the so called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta.
Illustrate what market did Microsoft have a monopoly in the late 1990s. What technological advances threatened that monopoly.
rise in government spending increase employment and aggregate output in the short-run. Show graphically and use the GDP equation to support your answer.
Over the past two decades, according to the U.S. balance of payment, the current accounts and the capital account balance tend to move in same direction.
Describe the position of India with respect to the comparative advantage it holds in gems and jewellery, software services, and petroleum.
A possible international monetary regime consists of a world central bank conducting monetary policy and issuing a single currency used throughout the world. Elucidate what would the advantages and disadvantages of such a system be.
Explain why would Pepsi agree to pay such a fee. What would likely happen if there were no pouring rights on campus.
He define you that the report will be handed out to the staff prior to the staff meeting next week and that it should outline the various forms of market structure.
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