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From the figure, US government revenue from the tariff is

Possible reasons for why we see an increase in the number of NGOs and their attacks against businesses in the last decades include following except:

Which of the following is an example of an implementation stage in normal political development being replaced by private politics?

All the following characterize a good target for NGOs except:

An investor is considering investing in 2 movies: Love Forever and The Fighter. There is 30% chance that romance movies will be a hit and 40% chance that action movies will be a hit. There is another 30% chance that there will be a recession in movie industry. Since an action movie costs more on special effects, it brings more benefit when it is a hit while loses more when there is a recession. The following table summarizes the profits in each situation. Which of the following analysis is correct?

For the next 4 questions, use the following scenario: The first table presents a polluting firm’s private benefit/cost functions and social benefit/cost functions. The second table presents four scenarios of the tradeable pollution permits market. Production Quantity MSB=MPB   MPC   MSC 1 $60 $15 $45 2 55 25 55 3 50 35 65 4 45 45 75 5 40 55 85 6 35 65 95 7 30 75 105     Tradable Pollution Permit Scenarios Firm’s endowment of Permits Market Price per Permit Scenario A 1 permit $40 Scenario B 2 permits $30 Scenario C 3 permits $20 Scenario D 4 permits $10  

Now the government is considering imposing an emission tax on polluting industry. From the first table, what is the optimal tax?

Which of the following could be a good target for NGO?

Suppose a politician has a power to regulate the monopolist in the figure below. The monopolist, currently charges Price PM, produces QM units of output and earns a profit. If consumers could persuade the politician to regulate the monopolist’s price at the competitive level PC , the result would be an output of QC . Find the area that represents the maximum amount that consumers are willing to spend on lobbying the politician.  

Lobbying is mostly likely to be successful in: