Questions from Microeconomics


Q: How is the moral hazard problem relevant to the health care market

How is the moral hazard problem relevant to the health care market?

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Q: What was the single most important reason for the decline in illegal

What was the single most important reason for the decline in illegal immigration between 2007 and 2009? What other factors were at play? Going forward, why might people think it more likely that illeg...

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Q: Identify and state the significance of each of the following trade-

Identify and state the significance of each of the following trade-related entities: a. The WTO b. The EU c. The Euro Zone d. NAFTA.

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Q: Suppose that if Iceland and Japan were both closed economies, the

Suppose that if Iceland and Japan were both closed economies, the domestic price of fish would be $100 per ton in Iceland and $90 per ton in Japan. If the two countries decided to open up to internati...

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Q: Suppose Super D’Hiver—a hypothetical French snowboard retailer—wants to

Suppose Super D’Hiver—a hypothetical French snowboard retailer—wants to order 5000 snowboards made in the United States. The price per board is $200, the present exchange rate is 1 euro = $1, and paym...

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Q: Do you favor debt forgiveness to all DVCs, just the poorest

Do you favor debt forgiveness to all DVCs, just the poorest ones, or none at all? What incentive problem might debt relief create? Would you be willing to pay $20 a year more in personal income taxes...

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Q: Suppose you are playing a game in which you and one other

Suppose you are playing a game in which you and one other person each picks a number between 1 and 100, with the person closest to some randomly selected number between 1 and 100 winning the jackpot....

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Q: What are the combined rent, interest, and profit share of

What are the combined rent, interest, and profit share of the income earned by Americans in a typical year if proprietors’ income is included within the labor (wage) share?

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Q: Alpha’s balance-of-payments data for 2016 are shown below

Alpha’s balance-of-payments data for 2016 are shown below. All figures are in billions of dollars. What are the a. Balance on goods b. Balance on goods and services c. Balance on cu...

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Q: Explain why the U.S. demand for Mexican pesos is

Explain why the U.S. demand for Mexican pesos is downsloping and the supply of pesos to Americans is upsloping. Assuming a system of flexible exchange rates between Mexico and the United States, indic...

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