Government's ability to force people to do things involuntarily is: always beneficial in reducing the deadweight loss in the economy unconstitutional in the u. s. and other market economies beneficial if it is used to improve economic efficiency always going to lead to lower economic efficiency

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold