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Define externalities in consumption and production of goods and services. Why do they occur? What are examples of externalities in the health field? Explain why the presence of externalities will, in the absence of some collective action, lead to a sub-optimal rate of output. What type of collective action is called for?
The Fed's decided to maintain its low interest-rate target in the face of a rightward shift of theAD curve in the late 1960s which led to an inflationary equilibrium. Discuss the short-run and long-run costs and benefits of the Fed's other two op..
Discuss and explain the major barriers to entry into a industry. Describe how each barrier can foster monopoly or oligopoly.
What is the long-run equilibrium market price and quantity and what is the long-run number of firms in the industry? How much does each produce? What are their profits?
General Electric has frequently placed managers together to work on teams. Often the work project is only for a short period of time.
consider two neighboring countries islands called c and f. they each have 4 million labor hours available that they
Why does rent control result in a shortage of rental units.
businesses large and small now compete in a truly global economy. to be successful in another country it is essential
Do you agree that the only way to raise equilibrium quantity is to raise supply and demand together? Why agree or why not agree?
Embassy Motorcycles (EM) manufactures two lightweight motorcycles designed for easy handling and safety. The EZ-Rider model has a new engine and a low profile that make it easy to balance. The Lady-Sport model is slightly larger, uses a more tradi..
Would you give an example of a microeconomic decision you have made at work or home? What factors contributed to making that decision? Example:
open the microsoft excel workbook interactive model economics.xls.on the first tab you will see a figure similar to
Suppose government spending increases. Would the effect on aggregate demand be larger if the Federal Reserve held the money supply constant in response or if the Fed were committed to maintaining a fixed interest rate
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