What are the alternatives to government intervention

Assignment Help Business Economics
Reference no: EM13898658

Pick one market in which the price system does not produce an equitable price and quantity of output. Write a paper of 250 words minimum discussion with at least (2) sources cited in the MLA format. Include in your discussion:

(1) What action has our government taken in order to provide this good or service in an equitable fashion?

(2) What are the alternatives to government intervention?

(3) What has been the end result of government intervention?

Reference no: EM13898658

Questions Cloud

Each with an quantity of two goods-corn and sugar : Consider two consumers, John and Maria, each with an quantity of two goods: corn and sugar. a. John has 30 gallons of gasoline (G) and 20 bags of sugar (S); for that basket of goods, his MRS(GS) is 1G/5S. Maria has 30 gallons of gasoline (G) and 50 b..
Medical quantity demanded is preventative care : In addition to the previous question, assume 2 probability of risk lines pertaining to two different individuals. Justise' probability of risk line is higher than Hasan's probability of risk line. What can you conclude? If the medical quantity demand..
Based off of the book global political economy : Based off of the book Global Political Economy: Understanding the International Economic Order. I need this answered a list of the (1) philosophies, (2) assumptions, and (3) biases used in their arguments
What is the income elasticity of demand for farm goods : Suppose that consumers’ incomes increase by 16 percent, which results in a 0.4 percentage increase in the consumption of farm goods at current prices. What is the income elasticity of demand for farm goods?
What are the alternatives to government intervention : Pick one market in which the price system does not produce an equitable price and quantity of output. Write a paper of 250 words minimum discussion with at least (2) sources cited in the MLA format. What are the alternatives to government interventio..
About the concept of social comparison theory : Leon Festinger's social comparison theory suggests that we compare ourselves to members of a reference group in order to assess our own behavior. What does your choice of reference groups tell you about the concept of social comparison?
In sub game perfect equilibrium-which firms enter industry : Consider the following market game: An incumbent firm, called firm 3, is already in an industry. Two potential entrants, called firms 1 and 2, can each enter the industry by paying the entry cost of 10. First, firm 1 decides whether to enter or not. ..
Identify the sub game perfect equilibrium of this game : Three players 1,2, and 3, are deciding on how to divide a cake worth $1, using the following procedure: Player 1 first divides the cake into three portions: x,y,and z such that x+y+z=1, x,y,z greater than or equal to 0. Identify the sub game perfect ..
Linear-in-parameters-linear-in-variables regression model : Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text).

Reviews

Write a Review

Business Economics Questions & Answers

  Develop hypothetical supply and demand schedules

Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.

  Grocery store purchases are included in gdp

Joe and Jim purchase vegetables at a grocery store, but Jim also grows vegetables in his back yard. Only Joe’s grocery store purchases are included in GDP. Only Joe’s and Jim’s grocery store purchases are included in GDP.

  What is the natural rate of unemployment

What is the natural rate of unemployment? If the economy were at a steady-state unemployment rate with a separation rate of 0.025 per month and a job-finding rate of 0.4 per month, and the labor force consists of 100 million workers, on average how m..

  Compute the elasticity coefficients for price-advertising

Amalgamated Popcorn, Inc. is a fairly small firm selling bags of flavored gourmet popcorn in a popular mall.  Compute the elasticity coefficients for price, advertising, income, and cross-price. You are currently paying $.45 for popcorn (including co..

  What is effect of increase in tax rate on interest income

What is the effect of an increase in the tax rate on interest income on the supply of and the demand for loan able funds?

  Q1 explain the effects of the increase in global demand for

q1. explain the effects of the increase in global demand for cell phones on the market for cell phones and on an

  Marker for tradable emissions

Assume that the marker for tradable emissions permits by power plants has been operating efficiently for several years. An engineering firm then invents a lower cost device for pollution abatement. What happens to the equilibrium market price of a tr..

  Maximum price that a few of the consumers are willing to pay

The maximum price that a few of the consumers are willing to pay is $0.20 per pound of cheese, and the price floor is set at $0.17 per pound. With the price floor at $0.17 per pound of cheese, consumers buy 211 billion pounds of cheese. How much cons..

  Federal reserve decreases the required reserve deposit ratio

The Federal Reserve decreases the required Reserve Deposit ratio and it now equal to 20%. Show the new balance sheet of the commercial bank. Find the new money supply in the economy.

  Price elasticity of demand for corporate-owned jets

What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?

  A simplified representation of the real world

A simplified representation of the real world that has the ability to predict or provide explanations for what really happens is known as a(n) ______________ of behavior.

  Whether to stay in business or shut down.

Mrs. Smith is earning a loss and should shut down in the short run. Mrs. Smith is earning a loss but should continue to operate in the short run. Mrs. Smith is earning a profit since the price is above the average variable cost.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd