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In addition to prohibiting development, reserving land for open space converts a private good (use of the land for commercial development purposes) into a public good (open access to the land for general public enjoyment). One way a society can reserve land for open space for the benefit of all is through zoning - prohibiting development in certain areas. As an alternative, a government may establish a budget category, funded by tax collections, for purchasing lands for public use. Is one approach more likely than the other to lead to a social optimum (i.e., be most consistent with consumer preferences for public and private goods)? What factors or conditions might favor one approach over another?
What is the EXIM bank and how does it benefit the US economy?
Discuss the efficiency and equity implications of each of the following policies. How would you go about balancing the concerns of equity and efficiency in these areas?
Calculate the marginal rate of substitution
What happens to the indifference curves when a household's income is reduced and how does a budget constraint explain consumer choices when used in conjunction with indifference curves?
Explicit collusion is illegal in the U.S. but implicit price collusion is possible and does occur. Give a fictitious example of how two companies in the same industry might collude. The Kinked Demand curve explains why prices can be sticky. Give an e..
A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals is a
Bill Mitselfik borrowed $10,000 to be repaid in quarterly installments over the next five years.The interest rate he is being charged is 12% per year compounded quarterly. What is his quarterly payment?
According to Keynes, in order to get the economy out of a recession, the government should plan for a budget deficit encourage firms to export to other nations, thereby jump-starting the economy follow an expansionary monetary policyfollow a contract..
Distinguish between the following: a Technical report and management report.
Assuming you could not get the Pink ticket for free what is your (net) opportunity cost of your seeing Lady Gaga?
Your ethical code of conduct plan for your company's international business expansion plan should include all of the different concepts and ideas covered over the past several weeks.
What are trade remedy laws and how do they attempt to protect U.S. firms from unfairly traded goods - what are some examples of international commodity agreements? Why have many of them broken down over time?
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