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What is the cost of health care in the United States compared to that in Canada and major European countries?
Describe the moral hazard and adverse selection problems in these two leagues. Which league best addresses these problems?
What asymmetric information problems is Zaneb likley to enounter and what arrangements are likely to help cope with those problems? Explain your answers.
Describe the used-car market in the United States. How many used cars get traded per year and at what average price?
As you think about hiring someone for a job, what are some mechanisms you might use to overcome the problem of imperfect information?
If the government offers vouchers to students and values them so that the efficient number of students will enroll, what is the value of the voucher?
If the government subsidizes colleges so that the efficient number of students will enroll, what is the cost to taxpayers?
With no government involvement in college education, how many students enroll and what is the tuition? Calculate the deadweight loss created.
what is the case for increasing the gas tax in the United States to European level and what is case against an increase in the gas tax to the European level?
Explain the effect of the eathquake on the price of a good used car and the price of a lemon.
Draw a graph to illustrate the market equilibrium. On your graph, show the efficient quantity of water taken.
What type of good is a high-speed rail network? What information would be needed to determine the efficient amount of high-speed rail in the United States?
The United States exports wheat. Draw a graph to illustrate the U.S. wheat market if there is free international trade in wheat.
Explain who in the United States would gain and who might lose from dismantling trade barriers between the United States and India.
Explain who, in the United States, gains and who loses from this tariff on paper. How do you expect the prices of magazines and textbooks to change?
Who in the United States loses from this trade in roses and would lobby for a restriction on the quantity of imported roses?
What argument has the United States used to justify this quota? Who wins from this restriction? Who loses?
What are Japan's arguments for restricting imports of Californian rice? Are these arguments correct? Who loses from this restriction in trade?
Explain how the price that U.S. consumers pay for goods imported from Mexico and the quantity of U.S. imports from Mexico have changed.
Why does China import or export shoes? Who, in China, gains and who loses from international trade in shoes? Does China gain from this trade in shoes?
How does the price of sugar in the United States change? Do U.S. sugar growers produce more or less sugar?
What might have been Ford's and General Motors' argument for the high tariff? Is the tariff the best way to achieve the goals of the argument?
Why does the United States gain from exporting services and importing coffee? How do economists measure the net gain from this international trade?
How does the price of sugar in Brazil change? Do Brazilians buy more or less sugar? Do Brazilian sugar growers produce more or less sugar?
Why does Hong Kong or the United States place a greater weight on efficiency and a smaller weight on fairness?