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How did the Social Security system influence the size of budget deficit during 1985-2010? How will it influence the deficit during the next two decades? Why or why not?
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
What will be the CS, PS, tax revenues and deadweight loss? Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss?
If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.
Suppose that you have two people in an economy, Ms. Hundley and Mr. McKenna, who want to produce a public good S. Suppose we calculate the Lindahl equilibrium using the method in your textbook
Solve the firm's short-run cost-minimization when capital is fixed at a quantity of 5 units (i.e. K ? = 5). Derive the equation for the firm's short-run total cost curve as a function of quantity Q and graph it together with the long-run total co..
Country Z is a developing country that is facing problems of deforestation.
Illustrate which of the following is an example of the legal-regulatory environment surrounding advertising also promotional activities of businesses.
Explain the unemployment rate in Tappania is higher now than is has been in 50 years. Can both of those statements be true at the same time.
List out the distinct characteristics of a perfectly competitive labor market and compare them to the characteristics of monopsony.
Indirect finance is more important than direct finance in most countries in part because of information costs associated with lending. Explain why are financial intermediaries relatively more effective at reducing these costs
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
Suppose that government decides to charge cola consumers a tax. What is incidence of tax that falls on producers.
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