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Which of the following goods or services are non excludable? Justify your answer. a) police protection b) streaming music from satellite transmission programs c) roads d) primary education e) cell phone service.
In an essay of at least two well-developed paragraphs, explain how financial institutions affect businesses and households.
Suppose E-Mobile purchases every gas company in the world and set their prices. Then it would have a control of the gas market with no other competition. Thus E-Mobile becomes a monopolist in providing gas. The market demand curve faced by E-Mobile i..
Do you feel globalization as depicted so far is truly legitimate? Or is it merely a combination of made-up elements and inter-cultural marketing hype?
The two general types of economic systems that exist today are A. market systems and capitalism. B. laissez-faire systems and pure command systems. C. market systems and command systems. D. socialism and central planning.
What is being held constant when a demand curve for a specific product (shoes or apples, for example) is constructed? Explain why the demand curve for a product slopes downward to the right.
Elucidate how does a firm determine its demand for capital funds during a specific period.
What is the difference between a positive externality and a negative extarnality? Give three examples of negative externalities. What divergences arise between equilibrium output and efficient output when negative externalities are present?
Four years ago, Warrior Auto Service purchased some new equipment at a cost of $75,000. The equipment has since been depreciated annually using the SOYD method, assuming a life of seven years and a salvage value of $5,000. Due to competitive pressure..
Children’s Hospital in Boston, Massachusetts, has long been considered an out-standing medical center specializing in the diagnosis and treatment of paediatric problems. This facility is linked academically to the Harvard University Medical School. C..
Use the following information for the next 9 questions. You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. Now as..
A portfolio has an expected annual return of 15.7 percent and a standard deviation of 19.6 percent. What is the smallest expected loss over the next calendar quarter given a probability of 1 percent?
Describe two ways in which greater education opportunities for girls could lead to faster economic growth.
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