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Which of the following is not an example of a market failure?
a) A monopoly produces the level of output for which MR = MC, but at this point P > MC.
b) Buyers of used cars are unable to distinguish good ones from lemons which results in lemons forcing all the good used cars out of the market
c) Jane is upset because there never seems to be anything she wants to watch on any of the television stations she receives.
d) Pollution from coal-fired power plants in the Midwest causes acid rain in the northeastern U. S.
e) Jim paying for a flu shot reduces the chances that he will get the flu and thus reduces the chances that other people will get the flu.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
q.the world is composed of two economies the european union and the united states. one of the european firms has a
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.
Which of the following statements regarding costs under federal awards is not true?
What is an absolute and comparative advantage? Give an example from your own life where you have an absolute, but not a comparative advantage with someone else.
what combination of coal-fired plants and gas-fired plants would minimize construction costs.
Thomas has income of $1500 today and $1000 tomorrow. He can lend and borrow at an interest rate of 10%. There is 10% inhalation. His preferences for inter temporal consumption are represented by the following utility function U (c1 ; c2 ) = c1 + c2 ...
Analyze the economics of New Orleans in light of the above parameters and develop your own Cost-Benefit Analysis (CBA) for rebuilding
A business traveler to Germany who, upon deplaning in Berlin, uses an airport ATM to withdraw 100 Euros from her U.S. bank would receive which kind of exchange rate?
Economists frequently point out that factor movements between two countries can be a substitute for goods movements between the countries in terms of the impact on relative factor prices in the countries. Explain why the two types of movements can be..
If a monopolist produces clear spring water at zero total cost, its total revenue will be maximized where,
Can policymakers stabilize both the price level and real GDP simultaneously in response to a short-lived but sudden rise in oil prices? Explain briefly.
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