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Is Coase's theorem valid? Why or why not? How does Coase's theorem address the problem of environmental pollution control? Does this make sense? Why or why not?
Discouraged employees are not considered unemployed. People who work part time but want to be working full time are considered employed.
Since 1900 real income has increased tremendously, yet the average number of children per family has decreased. Consider the following possible explanations and illustrate in terms of indifference curves and budget constraints of families between the..
GDP is designed to measure what is produced or created over the current time period? Why Existing assets or property that sold or transferred, including used items, are not counted? Discuss and explain why the following purely financial transactions ..
The operating instruction issued to the European Central Bank is to use monetary policy to focus entirely on targeting the inflation rate. If it follows those rules what would it’s Taylor rule equation look like? Be specific.
It is observed that in an area with a lot of illegal immigration, the average wage of native born workers actually increased. Explain how this could have happened, using economic logic. Also, judge whether this is good or bad for the local economy.
The social marginal cost of the production of snowmobiles. What does the phrase "owners equivalent rent" mean? Volunteers in the workforce have what effect on the GDP?
A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willing to supply 1,100 bagels. Using the midpoint method, the price elasticity of supply for bagels.
Sal’s satellite company broadcasts TV to subscribers in Los Angeles and New York. The demand functions for each of these two groups are PNY = 150 – 3*QNY or QNY = 50 – 1/3 * PNY PLA = 120 - 3/2 * QLA or QLA = 80 – 2/3 * PLA where Q is in thousands of..
In the Solow model with technological progress, consider an economy that begins in steady state with a rate of technological progress, g, of 2%. Suppose that g rises permanently to 3%. Assume α = 1/3. What is the growth rate of output per worker befo..
Gina Picaretto is production manager at the Rich Manufacturing Company. Each year her unit buys up to 100,000 machine parts from Bhagat Incorporated. The contract specifies that Rich will pay Bhagat its production costs plus a $5 markup (cost- plus p..
Consider the market for bonds in the secondary market. Predict what would happen to the price of the bonds and the interest rate for each of the following scenarios: Savers consider that stocks are riskier than bonds. Both the demand and supply of bo..
q1. to start this thread do some web research on a company which interests you and which is publicly traded in some
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