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Libertarians such as Senator Rand Paul would like to see government's role greatly diminished. How would this affect the elderly, children and the less fortunate?
What would be the ideal role for government in the U.S.?
Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f Find the Stackelberg equilibrium and compare it to the Cournot equilibrium. 6. Demand and costs are as given in the preceding question. (a..
Explain how a group of nations could develop a cartel to maximize their profits of COFFEE. Be sure to address natural resources and/or factor endowments that could be leveraged in the creation of the cartel.
If interest rates are higher than what individuals consider normal, they will
List all criminals along with the crime charges filed. The report needs to include the criminal ID, name, crime code, and fine amount.
Demand: P=50-QD and Supply: P= 25+QS The government decides to impose a price floor of $40. Illustrate graphically the different economics effects of such intervention in this market. Calculate and compute the deadweight loss generated by the governm..
Discuss the characteristics of law that are consistent with: A. Mill’s Principle and Libertarianism B. Paternalism C. Libertarian Paternalism D. Asymmetric Paternalism
What happens to the budget line if the government applies a specific tax of $1 per a gallon of gasoline but does not tax other goods? What happens to the budget line if the tax applies only to purchase of gasoline in excess of 10 gallons per week?
Indian GDP in 2010 was 78.9 trillion rupees, while U.S. GDP was $14.5 trillion. The exchange rate in 2010 was 45.7 rupees per dollar. India turns out to have lower prices than the United States (this is true more generally for poor countries): What i..
About half of the paid lobbyists in Washington are former government staff members or former members of Congress. Why would interest groups employ such people? Why might some reformers want to limit the ability of interest groups to employ them?
If this were he case would there be any automatic stabilizers in the government economy. Elucidate what would there be any distinction between the full-employment deficit and actual budget deficit.
Economic theory unambiguously predicts that total employment will be reduced when an effective minimum wage law is introduced.
-In the aggregate supply and demand? model, in long run equilibrium. A recessionary gap occurs when.
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