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Companies that produce toilet paper bleach the paper to make it white. Some paper plants discharge the bleach into rivers and lakes, causing substantial environmental damage. Suppose the following graph illustrates the situation in the toilet paper market.
Explain how the federal government can use a tax on toilet paper to bring about the efficient level of production.
What should be the value of the tax?
The recurrent ups and downs in the level of economic activity extending over several years are referred to as business cycles. What are the phases of this cycle and describe what occurs in each phase?
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today's economy? Explain your answer.
What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do these measures differ from the UNDP's Multidimensional Poverty Index - How might inequality lead to faster growth or development? How m..
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In the past couple of years, there was much talk about the possibility of Greece leaving the euro zone and reinstating its earlier currency, the drachma. If Greece did leave the euro zone and reinstate the drachma, what do you think the US$/drachma e..
c) Assuming the two different prices for S, how much of the two goods will be produced if Fnch has the right to pollute? "the firms are not merged" d) Assuming the two different prices for S , how much of the two goods will be produced if M has the r..
Explain possible pitfalls for such strategy from GEH's perspective.
maria lives 2 periods. in period 1 she is a student in philosophy. her income is 0 and she does not pay taxes. in
consider a potential voluntary exchange between two people. assume that both have complete info about each others
describe developing countries and how they differ from industrial market economies. how can international trade aid
Burger Doodle is the fast-food restaurant that processes average of 680 food orders each day. Evaluate the average product cost
What are the tools available to the central bank for controlling the money supply? Discuss how manipulation of each of these tools will change the money supply and how reliable each tool is likely to be.
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