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1. What are some externalities associated with cell phone use in cars?
2. You know you would be the ideal candidate for a new job that opened up, but your potential employer doesn’t know any more about you than the other applicants. Furthermore, she has no reason to believe that you are or are not telling the truth during the interview. How might you solve this asymmetric information problem and get the job offer?
3. Imagine you live with a group of people, and one of them has a habit of hanging out in the common room and talking about topics that make everyone else feel very uncomfortable.
4. What are two ways you may try to solve this negative externality problem?
5. What are two ways a country could promote economic growth? Explain.
6. A student chooses to sign up for a Pass/Fail grade instead of a letter grade in a given course.Is this an example of adverse selection or moral hazard? Explain.
Use the national income identity GDP= C + I + G + X to explain what a current account deficit(negative net exports) means in terms of domestic spending, production, and borrowing
1 in the spring schoolnbsp is sponsoring a concert featuring the band.nbsp the university has determined that the
the sisyphean corporation is considering investing in a new cane manufacturing machine that has an estimated life of
Plain Paper Co. is a paper manufacturer and retailer in a perfectly competitive market. Initially, Plain Paper Co. is a large firm operating at a profit. Draw the initial operating condition for Plain Paper Co. Label the area of profit, draw and mark..
the generalized demand and supply functions for good x areqd 638 - 8p 0.005m - 4py qs 300 3pwhereqd quantity
If Apple reduced its price for the shuffle, what do you think would happen to their profit? What impact would the price decrease have on their competitors? Explain by considering the elasticity of shuffles).
Three machines are employed in isolated area. They each produce 2,000 units of output per month, the first requiring $20,000 in raw materials, the second $25,000, and third $28,000.
Suppose the company initially has market power and acts as a monopolist. How many pills will the company sell and what price will it charge consumers?
what do you think must be 3 major macroeconomic goals of the economy? what policy mix assists government attain these
1. show what happens to producer surplus worker surplus and the gains from trade as workers migrate from a low- wage to
the united states economy is growing at a faster rate than any of its trading partners. as a result inflation is
suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans and each firm
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