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Vaccinations help protect the unvaccinated from disease. Boulier et al. (2007) find that the marginal externality effect can be greater than one case of illness prevented among the unvaccinated. Is vaccination a public good? If so, what might the government do to protect society optimally?
If the countries implement a uniform abatement standard, find the resulting values of TAC and MAC for each nation. Based on these values, is there an economic incentive for the two nations to participate in an emissions trading program? Explain.
How does the price elasticity of supply affect changes in the short-run equilibrium price that results from an exogenous shift in the market demand curve?
Analyze the equilibrium of the economy in Section 21.1, relaxing the assumption that each individual has to invest either all or none of his wealth in the risky saving technology. Does this generalization affect the qualitative results derived in ..
What is a barrier to entry?
Do the results in question 1 indicate that it is appropriate to use the Tukey-Kramer procedure to determine which designs differ in mean distances?
suppose you are estimating a simple linear regression model. (a) If you multiply all the x values by 20, but not the y values, what happens to the parameter values beta1 and beta2 what happens to the least squares estimates b1 and b
Revenue at a major cellular telephone manufacturer was $1.4 billion for the nine months ending March 2, up 97 percent over revenues for the same period last year. Management attributes the increase in revenue to a 137 oercent increase.
Cheap broadband's a winner Inexpensive broadband access has created a new generation of television producers and the Internet is their native medium.
Are there any separating equilibria? Pooling equilibria? If so, what are they? Upon what do your answers depend? Explain using graphs.
What do the CPI and the PPI measure? Why do we need both of these price indexes? (Think about what purpose you would use each one for.)
Heat Tamers, Inc., of Bend, Oregon produces special heat-resistant boots used primarily by firefighters, smoke-jumpers and steelworkers. It is contemplating an expansion into the heat resistant leather market charging a price of $150 per pair of b..
(The Human Body and the U.S. Economy) Based on your own experiences, extend the list of analogies between the human body and the economy as outlined in this chapter. Then, determine which variables in your list are stocks and which are flows.
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