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Suppose you serve on an environmental policy planning board for the federal government. Your task is to propose a policy initiative aimed at reducing urban air pollution, using the assignment of property rights according to the Coase Theorem. Assume that the major polluters to be targeted are commuter bus companies and that the major parties affected are the collection of city dwellers - residents and workers. Describe your proposal in detail, and include the following: a. Whether the rights are to be assigned to city dwellers or to bus companies.
b. How these rights are to be defined.
c. How the rights are to be distributed to the parties.
d. Whether the rights are to be auctioned or sold, and if so, at what price.
What causes a supply curve to shift? a. Changes into Input Prices An input is a good which is used to generate another good. b. Changes into Technology c. Chang
Critically evaluate measures used by governments and central banks to manage the economies of their countries. By critical evaluation use convincing arguments for or against measur
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#discuss the arguments for and against the use of trade barries in anay counrty
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What are the effects of the fiscal stimulus on the macroeconomy
Using supply and demand diagrams, plus explanations of why you have drawn the supply and demand curves the way you have, explain why, in most cases. a) Garbage collectors earn mor
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1. if the marginal cost of seating a theatergoer is $5 an the elasticity of demand is -3, the profit maximizing price is? 2. A firm determined that its total cost of production
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