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a) Is education provided by the government a public good? Explain your answer.
b) Are the externalities associated with common resources generally positive or negative? Give an example of common resources. Is the free-market use of common resources generally greater or less than the efficient use? Explain.
Three alternatives are being considered. Alternative A has a useful life of 3 years; Alternative B, 5 years; and Alternative C, 6 years. Using the longest life (LCM) approach, what is the planning horizon?
Which option best describes tariffs in Chile.
At what point should the government intervene in the delivery of health care (other than Medicare and Medicaid)? Should this intervention be at a state level or a federal level? Why? Provide at least two examples of when the government should become ..
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
What is the concept of Balance of Payment of a State? How would you distinguish the composition of the current, capital and monetary accounts of BOP? Differentiate between BOP and Balance of Trade between two countries.
Sweden has a floating exchange rate . It is considered that the output is lower than the potential and there is disinflation which sometimes leads to deflation. Describe the situation using the IS-LM and AD -AS (SAS MAS) model. What can finance minis..
One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
Some city governments require that all city employees live within the city limits. What impact does this have on the elasticity of supply and or demand for employees of a city with such a requirement?
Does the existence of poverty imply that our socioeconomic system is unjust. Does the concentration of poverty in certain groups make it more unjust than it would be otherwise.
A monopolist faces the inverse demand curve: p(Q)=100-4q and a cost structure of: C(q)=q^(2) + 10q What is the profit maximizing amount of output for the firm and how much profit do they make at this level of production?
Discuss the policy tool(s) the Federal Reserve has been using in the last year or two. What benefits does this tool have? Is it effective in supporting the money supply? If not, what can be done differently?
Two firms compete under Cournot competition with constant marginal costs c1 = 2 and c2 =6. The market demand is p=24?q. Compute the market share of each firm, the market price, and the total quantity produced in the market.
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