Question: A website offers a place for people to buy and sell emeralds, but information about emeralds can be quite imperfect. The website then enacts a rule that all sellers in the market must pay for two independent ex ...
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Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of ...
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Question: Consider again the New York taxi market, where demand is given by Q = 10 - .5P, each taxi's cost is C = 980 + 3Q, and ACMIN = $10 at 140 trips per week. a. Suppose that, instead of limiting medallions, the comm ...
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Question: In 2001 and 2002, political opinion was bitterly divided between the Republicans, who wanted to cut high marginal personal income tax rates and offer retroactive benefits to corporations by canceling the altern ...
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Question: You are on the city council and are considering a law to control rents below the free-market rent. What would be the effect of this rent control law in the short-run? In the long run? Be sure to explain why you ...
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Question: In the globalizing economy of the late 20th and early 21st centuries, liberalized trade has been sought by way of regional trade agreements and broader global trade liberalization. The policy choice between the ...
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Question: A common economic experiment is called the "ultimatum game." Subject A receives a small amount of cash, say $10. She can give some whole dollar amount to subject B, a stranger whom she cannot see and who cannot ...
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Question: Analyze the various factors contributing to poverty and determine which single factor plays the most significant role. Provide a specific example to support your response. Discuss how developed nations contribu ...
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Question: A) Coase Theorem Why does the concept of environmental justice limit the practical use of the Coase Theorem tosolve large environmental problems? Please use a relevant example to help explain your answer. B) Ne ...
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Question: Why is an understanding of development crucial to policy formulation in developing nations? Do you think it is possible for a nation to agree on a rough definition of developmentand orient its strategies accord ...
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