1. Assess the demand and supply of the capesize dry bulk industry. What do you expect to happen to demand relative to supply over the next four or five years? Please thoroughly explain and justify. What do you expect to happen to prices over both the short-run and the long-run? According to Ocean Carriers‚ supply and demand of capesizes determined daily hire rates. The demand and supply of capesizes was largely determined by the amount of shipping capacity needed in areas around the world.
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Chapter 12 Taxation and Income Distribution I. Impact of taxes on income distribution hard to determine because of tax incidence II. Tax Incidence a. Who actually pays a tax b. Legal Incidence – who is legally responsible for paying a tax c. Economic Incidence – who actually pays the tax d. Example – tax of $1 is placed on $10 item how is income distribution affected i. Price stays at $10 – income of seller reduced
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To what extent do subsidies might encourage the consumption of a good that generates positive externalities such as pu’er tea? A positive externality occurs when a benefit accrues to someone outside of the production or consumption of a good. Goods which contain significant positive externalities are known as merit goods. However‚ without intervention these goods and services do not respond well to price signals and would be under consumed at market price‚ because they are expensive and not wanted
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Try this‚ turn the laughing stock of all of college football and make them into a force to be reckoned with and in the national talk not once‚ but twice‚ this is exactly what coach Bill Snyder did with the Kansas State Wildcats. Bill Snyder is a 77 year old man who is a college football coach for the Kansas State Wildcats and is coming close to the end of his outstanding career as a head coach. Not only has he turned around a football program‚ but a community. Snyder has an exceptional record and
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A Hero’s Tale As Kragg crawled through the thick grass he discovers a small tunnel. He thinks about continuing on but he then see the 4 guards. Know he could never take them all on by himself; he takes the risk of the tunnel not knowing if he will ever see the light of day again. Not long after he emerges into a courtyard and heard screaming. Kragg knew that voice as soon as he heard it‚ it was Dana his love. He bolted after the noise striking down anyone in his path. He rounded the last corner
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Discuss the rationale and the effect of the Direct Subsidy Scheme in secondary education. What are its features and the pros and cons of the scheme? What is your position on the scheme? It has been almost 20 years since the Education Department proposed the Direct Subsidy Scheme(DSS) in Hong Kong. In 1988‚‚ the Education Commission Report No. 3 proposed the DSS in a bid to build a strong private sector in the provision of education and offer more choices to the parents. It is good to strengthen
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Explain why negative externalities are an example of market failure? Market failure refers to the failure of the market to allocate resources efficiently. Market failure results in allocative inefficiency‚ where too much or too little of goods or services are produced and consumed from the point of view of what is socially most desirable. Hence when there are negative externalities caused during consumption and production‚ this causes a welfare loss further more causing market failure. Negative
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Economic Impact of Sports Stadiums: Recasting the Analysis in Context” in which he finds several examples of new or renovated stadiums having a positive correlation to increased jobs. Santo states “an increase in sports-related jobs for the area following construction. These jobs include those in general merchandise stores‚ apparel and accessory stores‚ eating and drinking establishments‚ hotels and motels‚ and amusement and recreation firms” (Santo‚ 2005). When stadiums are being built there will
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Benefits of funding a new stadium for the Chargers. COMM/215 October 29‚ 2011 Vince Reardon Benefits of funding a new stadium for the Chargers. For the past few years‚ San Diegans have been faced with the very real possibility that our beloved Chargers National Football League (NFL) team may “bolt” the city for greener pastures in Los Angeles. This is due to the inability of the team and local politicians to agree on a plan to replace archaic Qualcomm stadium‚ current home of the Chargers
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Publichttp://pfr.sagepub.com/ Finance Review Public Subsidies to Stadiums: Do the Costs Outweigh the Benefits? Daraius Irani Public Finance Review 1997 25: 238 DOI: 10.1177/109114219702500205 The online version of this article can be found at: http://pfr.sagepub.com/content/25/2/238 Published by: http://www.sagepublications.com Additional services and information for Public Finance Review can be found at: Email Alerts: http://pfr.sagepub.com/cgi/alerts Subscriptions: http://pfr
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