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But on this theory, quotations in unfavorable reviews would not qualify as fair use. Why would such a distinction probably not be efficient?
Discuss the costs and benefits of allowing such patents. Is there a relevant distinction between scientific "discoveries" and "inventions"?
Explain why the rental externality tends to make renting an asset more expensive than buying it (all else equal).
What is the economic rationale for limiting the length of the fishing season, and limiting the daily catch of fishermen?
Contingent fees in effect give lawyers partial property rights in plaintiffs' legal claims. What economic function might such contracts serve?
Calculate the value of expectation damages for first buyer and show that it gives the seller the correct incentives regarding breach of the original contract.
Under what conditions, if any, should the plaintiff recover the $7,000? What case should the court invoke as precedent in making its decision?
Discuss this strategy as an optimal response to a change in the costs of organization relative to the costs of enforcing contracts.
The case of Siegel v. Eaton & Prince Co. involved a contract for the installation. Discuss the issues that are relevant to an economic analysis of this case.
Discuss the implications of the Coase Theorem for the choice of an efficient breach of contract remedy.
How should the court rule in this case? How would your answer be affected (if at all) by knowledge about the manner in which the information was acquired?
Sketch demand and supply curves to represent market for exchanging British pounds for US dollars to illustrate an equilibrium exchange rate of $1.50 per pound.
Try tracking a particular foreign currency over the course of several weeks. Has the dollar been appreciating or depreciating relative to that currency?
Explain why a U.S. recession that does not occur at the same time as recessions in the rest of the world will tend to reduce the U.S. trade deficit.
Discuss what is a managed float? What are the disadvantages of freely floating exchange rates that led countries to the managed float system?
The Big Mac Price Index computed by The Economist has consistently found the U.S. dollar. Analyze why this index may not be a valid test of the theory.
Analyze what will happen to the value of the dollar (against foreign currencies) if US price level doubles and price levels in other countries remain constant?
When all international economic transactions are considered, what must be true about the sum of debits and credits?
What is the current value of the national debt? How has this changed over the past year?
What are the implications of interest rate changes for bond prices and for debt finance?
Develop a budget and see what happens. Were you successful in balancing the budget? If not, how much of a deficit or surplus did you end up with?
Analyze what is the new level of gross national debt? What happens to the level of debt held by the public as a percentage of GDP?
Explain where in the U.S. balance of payments an entry would be made for each of the Hong Kong financier buys some U.S. corporate stock.
Describe the test courts use to determine cause-in-fact. Would the train's negligence be found cause-in-fact of the accident? Explain why or why not.
Assume that the doctor and confectioner can bargain costlessly. What will be the outcome if the court grants the injunction? What if it does not grant it?