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Underlie the conclusion that free markets are efficient. Explain how these assumptions either do or do not apply to an industry of your choosing.
What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue?
Explain why each may cause market outcomes to be inefficient.
How do the elasticities of supply and demand affect the deadweight loss of a tax? Why does this effect occur?
create a 2 page analysis by answering the questions below. be sure to cite your references using apa format. assume
Now, suppose that—in addition to the 20% tariff (per pair) on imported shoes—the U.S. also imposes a 10% tariff on the imported components used by the shoe industry to make each pair of shoes. What is the effective rate of tariff protection (ERTP) fo..
Other things being equal, during a period when the federal government issues more Treasury securities to borrow funds,
An individual's annual income is $100,000. The person is considering opening their own business. Expected revenues for the business, if they open it, are 2 million the first year.
The demand for new motor homes in the US is highly cyclical and sensitive to diesel fuel values and interest rates. Given these characteristics, explain the effect of the following on quantity demanded
Describe how free market features could be introduced to help alleviate the problem
What is the current macroeconomic situation in the United States - what should the Fed do about it?
The type of planning conducted on a long-range basis by top managers is usually called
1.nbsp suppose that two goods are perfect complements. if the price of good 1 changes what part of the change in demand
When indifference curves are bowed inward, the marginal rate of substitution is
Suppose that in the hypothetical country of Vanadia, picture frames are distributed based on government policy. This system of distributing goods gives the residents of Vanadia an incentive to spend timea) earning money b) lobbying government officia..
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm. Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a..
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