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Explore the different ways that government can reduce market failure. Please give a specific example of such a regulation and discuss the extent to which you think it has been successful. What other approaches are available to reduce this particular type of market failure?
Explain why does the United States have an absolute advantage in both goods. Which country enjoys a comparative advantage in food.
A truck powered by a diesel engine working at a 100 percent load factor is operated at a mine. If fuel consumption for this truck is 0.3 l/kW
Compute and contrast the international financial organizations that play major roles in NAFTA and Latin-American Integration Association
In the country A, all wage contracts are indexed to inflation. That is, each month wages are adjusted to reflect increases in cost of living as reflected in changes in price level. Explain answer with aggregate supply and aggregate demand curves.
Explain what is the stance of other developed countries on this issue.
The number of repairs manufactured through a computer repair shop depends on the number of employees as follows:
The rules of the federal government influence outcomes of many activities in that economy. When government rules change or unplanned events occur, the resulting economic activity will usually change.
Assume that the United States is initially operating at its full-employment level of output and prices and wages are eventually flexible both upward and downward. Construct a long-run AD-AS model.
Assume the United State economy begins in long run equilibrium. Concerns about global climate change cause government to significantly restrict production of electricity form fossil fuels.
A firm in a perfectly competitive market invents a new method of production that lowers its marginal costs. what happens to its output or what happens to the price it charges.
Assume two inputs, K and L. Illustrate the following cases with two graphs: (1) the substitution effect on labor hired due to a wage increase is zero. (2) the scale effect on labor hired due to a wage increase is zero.
What is a government budget deficit. Elucidate how does a federal budget deficit affect the economy.
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