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What are the external effects ( externalities ) and why they can lead to inefficiency and government intervention in the market. Why are some government policies to manage externalities effective ( efficient ) while others are inefficient ( inefficient ) .
Use the concept of the hydrologic cycle to explain how contamination of surface waters can also cause degradation of groundwater.
suppose the current money supplies $8000 for each of the following situations determine the following the money multiplier the money base and the changing discount rate necessary to achieve the stated desire change in money supply assume that for eve..
q. a consulting firm estimates the demand by local businesses for attendance at a pro sports teams gamespb 140 - 4ab
Unlike the traditional mortgage amortization schedule, "negative-amortization" mortgages permit the:
Suppose Mayor Strange comes to you and asks you whether or not Montgomery should bid for 2024 Olympics. He says that a group of economic consultants has said it will be a major boon for Montgomery’s economy. What kind of things did they likely claim ..
q1. a luxury good is a good for which the income elasticity exceeds one. the demand for a luxury good is given by qd x
Assume an economy with an aggregate production function of the form Y = 1.5K. If the nation’s population grows at 5%, the rate of depreciation is 3%, and the savings rate is 8%, what is the steady-state output per capita level?
The production possibilities curve shows the:
In 1796, Gottfried Christoph Härtel, a German music publisher, calculated the cost of printing music using an engraved plate technology and used these estimated cost functions to make production decisions. Graph the total cost, average total cost, av..
Select a model that you have some experience with and determine what types of specification errors you might encounter. Provide examples to support your response. Develop two or three best practices to help mitigate the error(s) you identified above...
There are only two consumers, Bill and Ted, and two goods, apple and bananas. Bill and Ted like apples and oranges. Bill is always willing to substitute 1 apple for 3 bananas. So Bill's utility function is U(b) = 3A + B. Ted is always willing to subs..
Given the products below and the events that affect them, indicate what happens to demand or supply, and the equilibrium price and quantity in a competitive market. Identify the determinant of demand or supply that causes the shift.
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