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The city of Spillsville is worried that its municipal landfill is going to fill up. As a result, the city's sanitation engineer has proposed three solutions: Solution 1: Require each household to reduce its garbage disposal by 100 pounds per month. Solution 2: Impose a tax of $.05 per pound of garbage that will overall result in the same decline in garbage disposal as Solution 1. Solution 3: Impose a tax of $.50 per pound of garbage over 500 pounds per month. Which of the three solutions would an economist prefer to have implemented? Explain your thinking.
Guided Response: Review the discussion board posts of your classmates. Note their analysis of those who gain and lose from a tariff. Respond to at least two of your classmates.
Question: What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
Which of the following is true about income levels in Western Europe and Latin America before 1700? Average income in Western Europe was higher than that in Latin America.
Suppose that in the loan described, the borrower made a larger payment, as indicated. Calculate (a) that time needed to pay off the loan, b) the total amount of the payments, and c) the amount of interest saved, compared with the original loan and pa..
Under what circumstances are economic profits a good indicator of market power? Explain why it is not possible to estimate the demand curve simply by fitting a line through annual observations on price and quantity.
It trades with a country that produces only cheese, and the currency of that country is crowns. The real exchange rate, e, equals 5 wedges of cheese per bottle of wine. The foreign price level is 20 crowns per wedge of cheese, and the domestic money ..
q.i would like to figure out the relevant cost in some cost flight operation salaries of flight crew fuel maintenance
The treasurer of a firm noted tha many invoices were received with the following terms of payment: "2%- days, net 30 days." Thus, if the bill is paid within 10 days of its date, he could deduct 2%. Or the full amount would be due 30 days from the inv..
What is rent seeking behavior? How does it explain why government has grown in recent years and how it explain why it is difficult to change tax or spending policies in the United States?
Martha loves to eat chili, especially an award-winning chili recipe that calls for using 2 tablespoons of chili powder for 1 pound of ground buffalo. What is Martha's utility as a function of tablespoons of chili powder (P) and pounds of ground buffa..
If the Federal Reserve increases the money supply, the rate of return on investment (increases/decreases) and the value of the domestic currency (increases/decreases)
compute the test statistic. at 95% confidence test to determine if the is a significant difference in the means of the 3 populations.
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