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1. What can government do to encourage the development of new technology?
2. What are the two key characteristics of public goods?
3. Name two public goods, and explain why they are public goods.
4. How can the free rider problem be overcome?
Business Economics, Economics
What causes the PPF to shift outward? I think that resources have to be used but i'm not sure.
One study, based on responses from 1, 013 randomly selected teenagers, concluded that 43% of teenagers cite grades that their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...
What is the supply curve, how do you apply the law of supply in economics?
A psychologist examining art appreciation selected an abstract painting that had no obvious top or bottom. Hangers were placed on the painting so that it could be hung with any one of the four sides at the top. The paint ...
Are there manufacturers and retailers who have taken steps to reduce their pollution impact, both air quality and industrial pollution, while maintaining a viable place in the market?
1. In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidizing these products? Instructions: You may select more than one answer. Click the box w ...
In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
A restaurant is considering extending their opening hours, either by extending their hours on weeknights or weekends. 85% of the customers surveyed said that they preferred extended hours on weekends. 55% of the customer ...
A magazine provided results from a poll of 1500 adults who were asked to identify their favorite pie. Among the 1500 ?respondents, 14?% chose chocolate? pie, and the margin of error was given as plus or minus ±3 percenta ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As