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post eco202 unit 3 assignment




Question;Assignments:Read Chapters 10, 11 and 12Access the Chapter videos from your Textbook link to augment this week's discussions.Read/view the articles in this UnitAnswer Questions For Review 1, 3, 4, 5 and 6 at the end of Chapter 10, Questions For Review 1, 2, 3 and 4 at the end of Chapter 11, and Questions For Review 1, 2, 5, 6 and 7 at the end of Chapter 12Answer/respond to Unit 3 Discussion Board.All work due by midnight on SundayChapter 10;Give an example of a negative externality;and an example of a positive externality.;In what way does the patent;system help society solve an externality problem?.;3.;What are corrective taxes? Why do economists prefer them to;regulations as a way to protect the environment from pollution?;4.;List some of the ways that the problems caused by;externalities can be solved without government intervention.;5.;imagine that you are a nonsmoker sharing a room with a;smoker. According to the Coase theorem, what determines whether your roommate;smokes in the room? Is this outcome efficient? How do you and your roommate;reach this solution?;Chapter 11;1. Explain what is meant by a good;being ?excludable.? Explain what is meant by a good being ?rival in;consumption.? Is a slice of pizza excludable? Is it rival in consumption?;2. Define and give an example of a;public good. Can the private market provide this good on its own? Explain.;3. What is cost?benefit analysis of;public goods? Why is it important? Why is it hard?;4. Define and give an example of a;common resource. Without government intervention, will people use this good too;much or too little? Why?;Chapter 12;1. Over the past century, has the;government?s tax revenue grown more or less slowly than the rest of the;economy?;2. Explain how corporate profits are;taxed twice.;3. What is the marginal tax rate on a;lump-sum tax? How is this related to the efficiency of the tax?;4. Give two arguments why wealthy;taxpayers should pay more taxes than poor taxpayers.;5. What is the concept of horizontal;equity and why is it hard to apply?;="margin:>


Paper#55732 | Written in 18-Jul-2015

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