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What are the four sources of market failure? Explain how each of them causes individual profit- and utility-maximizers to make decisions that may be privately optimal but are socially suboptimal. What general policies might correct each of the instances of market failure?
Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
Determine the economic implications for the United States of the increase of China and India as significant economic powers.
As a production manager who understands the academic argument for free trade working in an company threatened by cheaper imports, how do you react.
Find out the marketplace value of output and household saving. What is the relationship of saving and investment.
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
Please give some data on unions from the employee's perspective. Discuss some advantages of a unionized organization
while a dairy farmer has a horizontal demand curve? What other suppliers might face a downward-sloping demand curve and what implications does this have for their advertising budget as compared to suppliers with horizontal demand curves?
A manufacture is planning outsourcing their product to China, where the costs to produce the product are considerably cheaper. You have been brought in as a consultant to discuss economic considerations of such a move.
The article above says, "Underlying the Treasury market's limited downside Monday is the broad based concern that even with the war in Iraq having been completed,
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue. Since most bidders are large telecommunications co..
Explain how do these tools influence the money supply, and in turn, affect macroeconomic factors.
If the real interest rate is less than the growth rate of output, explain why governments can run a deficit yet not have to worry about the size of their debt.
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