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Imagine there are a couple of proposals related to building baseball stadia in Pennsylvania. The state will pay for the entire arena and there are 3 equal areas in terms of taxes and political power. The proposals are to build the stadia in Philadelphia and Pittsburgh. The benefits to the regions are in the following table.
Regions
Benefit from Philadelphia stadium
Benefit from Pittsburgh stadium
Philadelphia
15
-12
Pittsburgh
-5
Central PA
a) Will either proposal pass if just decided on its own? Explain.
b) Will a proposal combining both arenas pass? Explain.
c) Does the combining of the two plans lead to an increase in social well-being? Explain
Which Michigan City will you report on. List one secondary source you will use in your paper that is specific to your city.
The textbook claims that when people do not have to pay anything to use valuable resources, such as urban roadway space, they will continue using them until their value diminishes to zero.
The absolute value of coefficient of the price elasticity of demand.
This is a post from Ben Bernanke's blog. The purpose of the post is to explain why interest rates are so low and the role that the Federal Reserve (the Fed) plays in determining the rates.
Purpose of assignment is to provide you with an opportunity to research and analyse two trading countries of Australia.
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Venus Computer can produce 23,000 personal computers a year on its daytime shift. The fixed manufacturing costs per year are $2 million and the total labor cost is $9,109,000.
The FED has three ways to expand or contract money and credit. The first way would be for the FED to buy existing U.S. Treasury securities. They do this by using the equivalent of newly issued currency. What this does is it helps to expand the res..
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