Why is national defense called a public good

Assignment Help Econometrics
Reference no: EM131335203

1. The government is considering the adoption of a higher standard of success in tests for pharmaceuticals that will be sold in the United States. Suppose the benefits of the regulation were 1,000 lives saved per year. Would you support adoption of the regulation? Explain.

2. Why is national defense called a public good?

Reference no: EM131335203

Questions Cloud

Summarize scholarly articles that used human subjects : Write a paper that summarizing three (3) scholarly articles that used human subjects in the research. All researcharticles MUST have been published in the Journal of Consumer Research, theJournal of Marketing Research, or theJournal of Consumer ..
Derive the demand for national defense : How would you derive the demand for milk at the local grocery store? How would you derive the demand for tuna? How would you derive the demand for national defense?
Briefly summarize the case : The Aaron Hernandeaz case is the one I want to do. Using the Internet, your textbook, or any other available materials, research a notorious criminal case that used tire impression evidence. Briefly summarize the case
Should you pay for the meal or take the free meal : Should you pay for the meal or take the free meal? Why? Does it make a difference if you are on-duty or off-duty? Is accepting a free meal ethical as a police officer? What are the pros and cons in accepting the free meal? What are the pros and cons ..
Why is national defense called a public good : The government is considering the adoption of a higher standard of success in tests for pharmaceuticals that will be sold in the United States. Suppose the benefits of the regulation were 1,000 lives saved per year. Would you support adoption of t..
Discuss how you can forge a long-term marketing strategy : Based on the learning experience in this course along with the new marketing knowledge that you have acquired discuss how you can use these practices to improve the marketing effectiveness in your current organization. Discuss how you can forge a ..
Essay topic-being absent from class and its effect on grades : Write an essay (6-7 paragraphs) the following topic: Being absent from class and its effect on grades. You will write an introductory paragraph. You will write a brief paragraph about literature review
Complete express catering incs tax return file : Please complete the Express Catering, Inc.'s 2014 tax return based upon the information provided below. If required information is missing, use reasonable assumptions to fill in the gaps.
Texas taco average and marginal tax rates : What are Texas Taco's average and marginal tax rates on taxable income? (Round your answers to 2 decimal places.)

Reviews

Write a Review

Econometrics Questions & Answers

  Business cycle theory that combines classical is-lm model

Consider a business cycle theory that combines the classical IS-LM model with the assumption that temporary changes in government purchases are the main source of cyclical fluctuations. How well would this theory explain the observed cyclical beha..

  Avoidable fixed cost of pizzas

Dan loves pizza. His firm, Dan’s Pizza Company, makes frozen pizzas. The market price of a pizza is $15, and Dan is a price taker. His daily cost of making pizzas is C(Q) = 5Q + Q2/80, and his marginal cost is MC = 5 + Q/40.has an avoidable fixed cos..

  Calculate personal income

Consider the following preliminary data from 2008: ($ in billions) GDP $14264.60 Factor Payments from Abroad  $798.30 Factor Payments to Abroad $665.10 Consumption of Fixed Capital $1832.30 Indirest Business Taxes $1118.90 Corporate Profits and Relat..

  How would you decide this case

A developer buys several undeveloped parcels of land on a beachfront. At a later date, the state passes a law greatly restricting coastal development.

  What is his average tax rate in percentage

The income tax system in a country requires each citizen to pay 10% of income on earnings up to $40,000, and then pay 20% on any earnings over $40,000. If an individual has an income of $92350, then what is his average tax rate, in percentage term..

  Determine the effect on the current dollar or euro exchange

Use the diagrammatic analysis of this chapter to determine the effect on the current dollar/euro exchange rate, assuming current interest rates on dollar and euro deposits do not change.

  Write down the profit function for each firm

There are two firms that engage with a Cournot competition with the inverse demand curve given by P=1000-5Q. Suppose the two firms have constant marginal costs $5 and $10. a). Write down the profit function for each firmb). Firm 2 produces 10 units, ..

  Consider 2 countries avataria and twilightia which can be

consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor

  Calculate private saving-public saving and national saving

Economist in Funlandia, a closed economy, have collected the following information about the econonmy for a particular year. Y= 10,000 C= 6,000 T=1,500 G= 1,700 The economists also estimate that the investment function is

  How could people lose faith in money

(Fiat Money) Most economists believe that the better fiat money serves as a store of value, the more acceptable it is. What does this statement mean? How could people lose faith in money?

  What changes to each products price should domino sugar make

Domino Sugar Is considering the purchase of Fisher Honey Co. for $100 million. Based on information obtained from 500 supermarkets around the country, when 1 lb. of Domino Sugar went o sale from $2.00 to $1.50,

  What is the equilibrium constant for the reaction at 298 k

Atmospheric reactions in hydrometeors (rain, fog, mist, and dew) produce aldehydes and ketones. Consider the conversion of pyruvic acid to acetaldehyde in fog droplets. The reaction is CH3-C(O)-COOH (g) → CH3CHO (g) + CO2 (g).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd