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What is meant by an "externality"? Given the two types, positive and negative externalities, which one will the government seek to promote and which one will the government try to reduce and why? Be
What are the key differences between private goods versus public goods? Provide your own examples of each good.
From the information in the table, calculate marginal and average products. Graph the three functions put total product on one graph and marginal and average products on another
What is the difference between comparative and absolute advantages? Explain.
Pick an item that is for sale. Research it online. Describe the market. Does quantity supplied equal quantity demanded most of the time? If not, what could cause the discrepancy?
Others argue, however, that the clause gives manufacturers more power in bargaining with other buyers. Explain how this increased bargaining power might occur.
What is the difference between simplifying assumption and critical assumption?
Analyze how markets work and make recommendations for or against any form of price control and make at least one recommendation concerning U.S. government regulation that would make the economy str
Which person has the highest opportunity cost of obtaining a college degree (assuming that attending college requires giving up his or her current position)?
As we begin fleshing out the Wheel of Income and the National Income Accounting 'snapshots,' we need to understand how consumers and businesses behave and why. How do these two relate to each other
Choose any three cars brands that are a minivan, a compact car, and a sedan/crossover. Compare their mileage (city versus highway). Do any of these models come as a hybrid?
Find the relationship between the nominal interest rate and the inflation rate in the U.S. Find annual nominal interest rates and inflation rates for last 20-30 years and run a regression model.
In an article about the financial problems of USA Today, Newsweek reported that the pa-per was losing about $ 20 million a year. AWall Street analyst said that the paper should raise its price from
One of the fundamental objectives of macroeconomists is to explain why some countries grow, while others do not. This is also an area of interest for development economists,
How many DVDs should it order from which supplier? (Hint: Solve two separate problems, one with supplier A and one with supplier B, and then compare profits. In each case, apply the MR = MC rule.)
There is a decrease in households' wealth due to a decline in the stock market. The government lowers taxes, leaving households with more disposable income, with no corresponding reduction in govern
What is the yield on a discount basis for a U.S. Treasury bill that has a face value of $10,000, has a price of $9500, and will mature in 180 days?
Compare the values of consumer surplus and producer surplus before and after the change in labeling standards. Is this result expected? Why or why not?
How many new shares will be issued if the firm raises the capital prior to the release of the new product? How many new shares will be issued if the firm raises the capital after the release of the ne
What is the difference between contractionary and expansionary fiscal policy? What are the pros and cons of using expansionary and contractionary fiscal policy tools under the following scenarios
The purpose of this assignment is to become familiar with the terms import and export, and then discuss advantages or disadvantages of buying imports versus buying domestic products in relation to t
When a nation imports a good at a world price below the home country's equilibrium price for that good, what happens to the quantity imported of the good by the home nation?
Provide supplementary calculations and a pair of fully labeled diagrams showing The Typical Firm and Industry Supply and Demand to analyze the impact of this tax.
Could the state pass one piece of legislation that is applied in all jurisdictions the same way? Would this be a compromise solution or do local governments need specific regulatory authority for t
Consider the result suggesting that a consumer prefers to be subject to a lump-sum tax over an excise tax when they end up raising the same tax revenue. Explain how and why the result is related to