Although Mexico has vast reserves of oil, in recent years its production of oil has been falling. In order to reverse this decline, former President Felipe Calderon attempted to privatize the state- run oil company Pemex 2008]. Many opponents of the proposal argued that privatization of Mexico’s telephone company Telmex had led to a monopoly, which was charging exorbitant prices. Would you expect something similar to hap-pen if Pemex were privatized? Relate your answer to our discussion of the role of market environment when assessing the consequences of privatization. 7. Some
Answer to relevant QuestionsSome privately run airports provide amenities such as pod hotels, which enable fliers to nap between flights. These amenities are generally not available at publicly run airports. Given this, would you recommend that ...A lone shepherd can graze 10 sheep per year in a meadow. Each additional shepherd who uses the meadow reduces the number of sheep that can be maintained by one per shepherd. If a person would rather stay home than graze ...Denmark recently instituted a “ fat tax,” which charges about $ 3 per kilogram of saturated fat in food. One commentator criticized the tax as inefficient, because it taxes an input to health rather than a health outcome ...Suppose there are five people— 1, 2, 3, 4, and 5— who rank projects A, B, C, and D as follows: a. Sketch the preferences, as in Figure 6.2 . b. Will any project be chosen by a majority vote rule? If so, which one? If ...Many studies find that higher levels of education quality (as measured by test scores) in-crease growth rates of national income. What are the implications of this finding for whether or not education should be subsidized by ...
Post your question