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Identify a particular industry that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. Identify the market characteristics, productive efficiency, allocative efficiency, and equity in the particular industry that you selected.
Suppose that the tax rate on the first $10,000 income is 0; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $30,000; and 40 percent on any income over $80,000.Family A has an income of $40,000 and Family B has..
Provide high domestic interest rates, what is the economic outlook for these Asian countries in the next few years.
Assume the population over age 16 is 160 million, number of discouraged employees is 10 ml, the labor force is 110 ml and the total employment is 90 ml.
Select a nation that has a low per capita income and discuss how the catch-up effect would work for that country. Consider the determinants of productivity and explain some of the things that would tend to prohibit or limit that country's ability ..
Draw the indifference curves map corresponding to welfare function (1) with the rate of unemployment on the horizontal axis and the inflation rate on the vertical axis.
Essay on Market imperfection associated with negative externalities
Illustrate an advantage of each strategy and under what conditions you might use each. How do market prices differ between perfectly and imperfectly competitive markets.
Some nations have very different economies. In the absence of market-set prices, how are prices determined for household goods.
Describe when and why central banks buy either their own currency or the currency of another nation in an effort to control exchange rates.
1. What is the difference between gross domestic product (GDP) and gross national product (GNP)? 2. Based on the table, what calculations must you make to determine GNP from GDP? 3. What is national income (NI)? 4. Which was higher in this year, GNP ..
Elucidate the mechanisms through which improvements in population health can lead to improvements in income levels.
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
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