Q: Make a case that neither pure competition nor pure monopoly is conducive
Make a case that neither pure competition nor pure monopoly is conducive to a great deal of R&D spending and innovation. Why might oligopoly be more favorable to R&D spending and innovation than eithe...
See AnswerQ: What is the principal-agent problem? Have you ever worked
What is the principal-agent problem? Have you ever worked in a setting where this problem has arisen? If so, do you think increased monitoring would have eliminated the problem? Why don’t firms simply...
See AnswerQ: Historically, usury laws that put below-equilibrium ceilings on interest
Historically, usury laws that put below-equilibrium ceilings on interest rates have been used by some states to make credit available to poor people who could not otherwise afford to borrow. Critics c...
See AnswerQ: User cost is equal to the present-value of future profits
User cost is equal to the present-value of future profits in the model presented in Figure 19.7. Will the optimal quantity to mine in the present year increase or decrease if the market rate of intere...
See AnswerQ: True or False. Under the PPACA, Americans are free to
True or False. Under the PPACA, Americans are free to decide for themselves whether or not they should have health insurance coverage.
See AnswerQ: What is the tax incidence of an excise tax when demand is
What is the tax incidence of an excise tax when demand is highly inelastic? Highly elastic? What effect does the elasticity of supply have on the incidence of an excise tax? What is the efficiency los...
See AnswerQ: What types of industries, if any, should be subjected to
What types of industries, if any, should be subjected to industrial regulation? What specific problems does industrial regulation entail?
See AnswerQ: Do you agree with each of the following statements? Explain why
Do you agree with each of the following statements? Explain why or why not. a. The problem with U.S. agriculture is that there are too many farmers. That is not the fault of farmers but the fault of g...
See AnswerQ: Comment on or explain: a. Endowing everyone with equal
Comment on or explain: a. Endowing everyone with equal income will make for very unequal enjoyment and satisfaction. b. Equality is a “superior good”; the richer we become, the more of it we can affo...
See AnswerQ: Quantitatively, how important is international trade to the United States relative
Quantitatively, how important is international trade to the United States relative to the importance of trade to other nations? What country is the United States’ most important trading partner, quant...
See Answer
