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Would a shift from investment in capital goods to investment in education increase or decrease the growth rate of real GDP per capita?
What is the implication about economic growth for an economic system with weak enforcement of patent and copyright laws?
How could permanently lower marginal tax rates increase the capital stock, the level of education, the level of technology, and the amount of developed?
Why are firms less likely to issue new shares of stock when consumers or businesses are pessimistic about economic conditions?
What would happen to the loanable funds demand curve if new potentially profitable technologies arise and business taxes are raised at the same time?
What would happen to the loanable funds supply curve if there was both an increase in current disposable income and a decrease in new technologies creating.
What changes in loanable funds supply or demand would tend to cause a shortage of funds at the current interest rate?
Which direction will an increasing budget deficit change the equilibrium interest rate, the loanable funds supply curve and level of loanable funds in economy
Why can a homeowner make a better argument for compensation for noise pollution if a local airport was built after he moved in than?
What costs will the steel company consider in deciding whether to produce another ton of steel?
What would be the tax/refund for a family earning $100,000 a year? What would be the tax/refund for a family earning $50,000 a year?
which is restricted to keeping profits for less than they could have earned, be more likely to discriminate than if its profits were not limited?
Why would large-scale government redistribution tend to reduce hours worked, savings and investment, and human capital (education)?
Evaluate the advantages and disadvantages of each system. Which of these two alternatives would you prefer?
How could food stamp benefit reductions as income rises cause the program to actually decrease measured incomes of the poor and raise official poverty rates?
Why would inequality measured by current consumption tend to be smaller than inequality measured by current income?
If every individual earned the same total income over his or her lifetime, why would we still see inequality at a given point in time?
A newly released study demonstrates that populated areas with significant air pollution caused by diesel engines. What sorts of results would you expect?
Why does internalizing externalities with taxes or subsidies sometimes increase the prices of goods and sometimes decrease them?
How might subsidy affect the market for recycled materials? Illustrate using a demand and supply diagram.
What would be the result of taxing an industry that produces external benefits? Subsidizing an industry that produces external cost?
If a firm can reduce its sulfur dioxide emissions for $30 per ton, but it owns tradable. What will the firm want to do if it is trying to maximize profits?
Evaluate whether a change in law is necessary to achieve an efficient outcome in this situation.
Why does text argue that lower air pollution taxes should be charged to drivers in less-populated areas? What if air pollution quickly spread throughout world?
If an industry created both external benefits and external cost, would a tax or subsidy be appropriate? Why would someone be hurt by either one?