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Wireless, high-speed internet is provided for free in the airport of the city of Communityville.a. At first, only a few people use the service. What type of good is this and why?b. Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now what type of a good is the wireless internet service?c. What problem might result and why? What is one possible way to correct this problem?
For a developing country to increase, it needs capital. The major source of capital in most nations is domestic saving, but the target of stimulating domestic saving usually is in conflict with the government policies targeted at decreasing inequalit..
Elucidate why the $5.15 minimum wage in New Jersey likely has less of a detectable impact on employment.
One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules. Illustrate what exactly is that disagreement.
Assume the government proposes to tax these benefits at the same rate as other types of income. What is the impact of the proposed tax on the optimal retirement age.
Using graphs, describe the economic impacts of a tariff on a nation welfare, and show how a tariff would affect the current equilibrium value and quantity and import levels within a market.
Assume if you scale up every price and nominal income in the same positive proportion Elucidate why this is true.
If government imposes on the firms in a polluting industry penalties(taxes) that exceed the actual value of the damages done by the pollution, the result is an inefficient and unfair imposition of costs in those firms and on the consumers of their..
Explain how much should the firm charge to earn the maximum profit during off peak times.
In the economy of Cape Despair, subsistence real wage rate is $15 an hour. Whenever real GDP per hour increase above $15 the population grows,
Assume the role of regional integration in promoting global business of Kenya, Africa.
A consumer, D Carroll, spends all of his income on 2 goods X and Y. The 2 goods are both normal but are not complementary. The price of good X is reduced but the price of good Y is unchanged. The consumer continues to spend all of his income on th..
What is the sacrifice ratio in this case? What is the role of central bank credibility in disinflation process and For how many years must the central bank keep the unemployment rate above the natural rate of unemployment
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