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Pick an existing or proposed environmental policy. Use market failure theory to explain or justify the policy. Then use public choice theory to provide a possible alternative explanation for the policy.
Suppose the People's Bank of China wishes to peg the rate of exchange of its currency, the Yuan, in terms of the U.S. dollar. In each of the following situations, should it add to or subtract from its dollar foreign exchange reserves? Why?
In a replacement analysis problem, the following facts are known: initial cost ($12,000), the annual maintenance (none for the first 3 years, $2,000 at the end of the 4th year, $2,000 at the end of the 5th year, increasing $2,500 per year after the 5..
A medical expenses billing firm wishes to hire a software firm to design its software to more efficiently handle its billing. Having the programming redesign is worth $1.5 million to the billing firm. The software firm can write and install new progr..
Suppose that only data on in action were published but not on claims for unemployment. What would be a reaction of the USD/EUR in that case.
John Wilson, the owner of a fast-food restaurant, estimated that he can sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day. Alternatively, he estimated that he could sell an extra 1,200 hamburgers p..
How will globalization impact our economy in both short run and the long run? State your arguments "for" and "against" globalization and finally summarize your view on globalization.
If two countries have identical production possibility frontiers, then trade between them is likely to be beneficial if:
What do we know about the proportion of peanut butter to jam held by Bob in any equilibrium? If Adam held all of the peanut butter in the initial endowment, is it possible that he end up with nothing in the equilibrium?
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
The total cost incurred is the sum of the fixed costs and operating costs. The latter increases as more items of a product are manufactured hence the total cost is given by: For a given product, it is found that the number of item s sold correspondin..
Create an approach to tax research that results in credible and current resources - Analyze tax issues regarding the gift tax and the estate tax.
q1. explicate four of problems with the argument which trade protection is needed to protect american jobs.q2.
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