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Dani Rodrik argues that democratically elected governments, not international finance, should be the ultimate source of discipline for national economies. Others say that democracy itself is the problem. Is democracy up to the challenge of being an effective form of government in today's increasingly integrated world? What are some of the main problems inherent in democratic government in a global economy, and how can they be solved?
The consumption of which bar yields the greates marginal utility?The reason why people are charged for an additional can of soda they get from a soda machine, but are not charged for an additional paper taken from a newspaper dispensing machine, is..
Elucidate the differences between private goods, public goods, natural monopolies, and open-access goods. Provide examples of each with your explanations.
Suppose the company wants to set its price equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year.
our friend wants to pay off her two debts in a single payment. The first debt is $570 due in 8 months, and the second is $1,380 due 1 1/2 in years. What will that single payment be if she wants to make it at the end of 1 year given a compound inter..
Explain how supply and demand analysis is used to describe the extent to which taxes can be passed on to others.
Suppose that there are 1,000 hot-pretzel stands operating in Toronto.Each stand has the usual U-shaped average total cost curve.
Before breakup of AT&T, the company charged a price for local telephone services that was roughly one-half of its cost of providing the services. In contrast,
Explain how do you balance human suffering with the economic realities.
Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.
Illustrate what extent should managers base their plans on the assumption that customers and suppliers are self-interested.
In practice, the government would have to be very knowledgeable to divide up the pollution abatement between the plants in the least cost manner. Tradeable pollution permits are one way to get around this concern. Briefly explain why.e. If polluti..
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
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