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What are some of the problems of ensuring that individuals and countries take actions to reduce emissions of greenhouse gases?
What implications might the fact that efficient government is a public good have for the efficiency with which governments function?
Discuss the issue of vaccination from the perspective of public goods/externalities. Why might individuals not voluntarily consent to be vaccinated?
what will happen in a two-party system to equilibrium level of expenditure on public goods? If equilibrium was originally Pareto efficient, will it still be?
Why might preferences for local parks and for urban public transportation systems (buses and subways) also not be single peaked?
In discussing one of these topics, the goal is to relate how a particular political perspective derives from process philosophy (such as socialism).
What should be the effect of an increase in the costs of producing public good caused by government inefficiency?
Show diagrammatically how you derive the demand curve for the public good, as a function of the tax price charged the individual.
Explain why the majority voting equilibrium will be Pareto efficient Now assume that income is not symmetrically distributed.
Draw the marginal rate of substitution as a function of income (for a fixed level of expenditure on public goods). Assume Income is symmeuitally distributed.
This voting scheme thus violates the principle that the chosen outcome should be independent of irrelevant outcomes.
How might an economist focusing on median voter behavior and an economist focusing on average incomes differ in their predictions concerning changes.
In each of that CaSCS, outline the major arguments in favor of and against privatization. Do you feel differently about the three cases? Why?
Under the Reagan administration, the Interior Department greatly increased the rate. Discuss the distributional and efficiency consignees of this wait?
The Postal Service claims that one reason why it cannot provide services as cheaply. Discuss the advantages and problems of such an alternative subsidy scheme.
What do economists mean by diminishing returns to an input? What causes diminishing returns? Have you ever observed this principle at work in a job you've had?
How would you define income inequality? How is income inequality measured? What has happened to income inequality in the United States?
Can you find a mission statement that is not well written and, using your knowledge and skill, rewrite mission statement to be more reflective and informative?
What is the representative household's budget constraint? What are the first-order conditions associated with the choices of c and m?
Discuss what are the economic and fiscal costs of corruption in a country, if any use both local and international studies in your answer.
An electronics firm decides to launch two new models of computer, COM1 and COM2. How should the firm arrange production to maximize profit?
What are the equilibrium price and quantity of two-bedroom apartments in collegeville?
If you are the manager of one of these companies, what pricing policy do you adopt to be in the first position?
At what price is the price elasticity of demand equal to zero? Explain how we can account for 'bads' (such as pollution) in analysis of consumer preferences.
Suppose workers in France benefit when tariffs are increased on cheese imports. Which factor is used intensively in cheese production?