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Consider the following scenario: Neha is training for a triathlon, a timed race that combines swimming, biking, and running. Each hour she spends swimming is an hour that she can't spend biking or running.
Which basic principle of individual choice does this sentence best illustrate?
= People usually exploit opportunities to make themselves better off. = All choices have opportunity costs. = Neha can use time most efficiently by spending the same amounts of time on swimming, biking, and running. = Neha has an incentive to spend more time on swimming than on biking or running.
The "club" makes it difficult for a car thief to take your car. Lojack makes it easier for the police to catch the car thief who has stolen it.which one conveys a positive externality.
Calculate the equilibrium price/output solution and Determine the loss in consumer surplus due imposition of a $4.40 per bushel price support program. Explain your answers well.
What is the Marginal Rate of Transformation impact? What is the labor-abundant country? What is the capital-abundant country? Could trade help reduce poverty in Brazil and other developing countries?
Most wild Asian tigers are the common property of the humans and governments that control the lands they inhabit. Why does this pose a significant problem for maintaining the wild tiger population in the future.
Use the model of supply and demand to show how each hypothesis could lead to an increase in the quantity of drugs consumed. How could data collected on the price of drugs help us to distinguish between these two explanations
An asset cost $120 today. you will hold it for one year then sell it. there is a 25% chance that it will be worth $100 in a year, 25% chance it will be $115 in a year and a 75% chance it will be worth $140.
When the price of a bond equals the face value? If the quantity of bonds demanded exceeds the quantity of bonds supplied, bond prices. Current U.S. monetary policy is best described as.
If there are internal economies of scale, why would it ever make sense for a firm to produce the same good in more than one production facility Explain why trade liberalisation has the same effect on an economy as an increase.
Image that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your..
Insurance companies must provide insurance to drivers who may take risks that go unreported because they don’t wreck or get ticketed (or if they do wreck or get ticketed, it goes unreported to the insurance company). Briefly explain the principal-age..
The Shift of American Health Insurance Policies - How the Changes Affect Our Economy, What health program is better financially and morally?
IBS 3342- Given what is now occurring in the Indian economy, do you think the country represents an attractive target for inward investment by foreign multinationals selling consumer products? Why?
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