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Describe the difference between public versus private goods as it relates to the rivalry in consumption and excludability. does the free rider principle play in a role in what constitutes a private or a public good/service? why? how do externalities positive or negative play a role regarding the demand and supply of a good or a service and what can government do to promote greater social welfare and reduce market failure in addressing negative externalities?
The gains from general training in human capital tend to go to the: The extra wage that is paid to an individual to attract him/her to a less desirable job is called:
"The extension of the public domain to include mines, quarries, oil wells, forests and water power.” As it happened, the political party had only limited success, with its Presidential candidates getting just 6 percent of the electoral vote.
Governments get involved in the international flow of trade and foreign direct investment and regional economic integration is also influencing international business. Identify two market entry modes, and explain how each might be affected by the act..
Can citizens who speak an official language or than majority language receive official personal documents in that language. What arrangements have been made in this respect.
What is the minimum number of comparisons needed for sorting an array of 4 distinct numbers?
You have made arrangements to borrow $1,000 now and another $1,000 three years from now (End of Yr 3). The obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and four are 10%, 12%, 12%, and ..
An interesting example of strategic behavior comes from a 1997 article about Microsoft’s investment in Apple (New Straits Times, 1997). The article is included in the Required Readings list. What market structure do these firms operate in? Why did Mi..
If the potential output of an economy is worth $440 billion and the actual output during a particular year was $435 billion, the output gap is?
Can you tell whether this firm is in a competitive industry. If so, can you tell whether the industry is in a long-run equilibrium.
What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1." Although all other forms of money include cash, M1..
Assume the required reserve ratio is 10 percent and the FOMC orders an open market sale of $50 million in government securities to banks. Using the oversimplified money multiplier, the money supply could potentially:
Elucidate how much the last input added to the total amount of revenue. Elucidate how much the last input added to the total amount of production.
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