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Suppose you are asked to evaluate a policy that addresses urban smog problem in the Chicagoland area. This policy is one of the several ozone-reducing policy options evaluated using cost-benefit analysis. The policy will be implemented over a period of three years.
Assume there are 3 million adult residents in the Chicagoland area to whom the benefits would accrue. Also assume that the estimated present value of costs (PVC) for this policy option is $2.5 billion. Is this policy option feasible according toi) Cost-Benefit Ratio?ii) Present Value of Net Benefits?
Illustrate why do economists pay more attention to national economies than state or regional economies.
Explain is contracting a government service out to some private firm the best way. Does it make economic sense to contract out some government services.
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
Is it possible that the levels of unemployment present day which are the result of government policies.
Explain why the authors cite ethnically segmented markets as a factor that holds back private sector development and building entrepreneurial capacity.
Identify the buyers and sellers as well as the goods or services. How closely do real world conditions match the characteristics listed in the model. Are the sellers price takers.
Discuss how international trade affects U.S. economy. Explain how foreign exchange rates are determined.
Determine the three tools the Federal Reserve uses to change the money supply and interest rates in the economy? Which of these tools is most important and explain your answer.
Assume that there are two power generating plants that emit SO 2 (sulphur dioxide). In the absence of regulation they each emit 10 tons of pollution per month.
Suppose that Boeing is the Stackelberg leader and chooses its quantity first, then Airbus makes a move observing what Boeing has done. Solve the equilibrium in this sequential game. Be sure to characterize the quantity choices, the market price, a..
If the government equally increases pending and taxes by 1000, income will be increased by how much and what should the government do to increase income by 400?
A firm produces 20 units of output at a market price of #5, a marginal cost of $5, and an average cost of $3.what is the firms economic profit.
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