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Ethanol is a motor fuel manufactured from corn, barley or wheat. Suppose the federal government decides to heavily subsidize ethanol production. Explain the effect of the subsidy on:
A. Corn.
B. Gasoline.
C. Automobiles.
D. Soybeans.
Oil prices have fallen recently due to falling global demand and rising global supply. What are some potential ways to combat rising fuel prices in the future (demand side and supply side)?
What is maximum amount it would be worth to shareholders to elicit high CEO effort all time rather low CEO effort all time.
One of the goals of this course is to understand international relations in terms of global politics. In other words, there are multiple actors beyond state actors that work across borders. In addition, the borders of states do not limit many of toda..
1. Suppose that Congress increases the minimum wage to $12 an hour, and it is binding. a. Use a supply and demand model for low-skill labor to show the effect on the number of unskilled workers employed.
In the most recent recession of 2008 and 2009, the United States saw a declining GDP, rising unemployment, and, sometimes, deflation. Please describe these variables during the 2008 and 2009 recession and in the subsequent years. What type of fiscal ..
When negative externalities exist in a market,
Expecting that wool prices would remain high, wool producers raised a lot more sheep.
How does brand competition within stores affect prices? Explain. What do you understand by price discrimination? Under what condition is price discrimination possible? What Mode of Entry would SeaWorld take when opening an amusement park in Dubai? Wh..
Assume that Home can produce two goods, apples and bananas. The unit labor requirement in apple production is 4, while it is 2 in banana production. Foreign’s unit labor requirement for apples is 8 and it is 2 for bananas. If these countries trade, w..
Describe what gross domestic product is and how it is measured. There are several transactions that are excluded from measuring GDP such as financial transactions, second-hand goods, etc.
Discuss ONE strength OR ONE weakness of capitalism. Do we have any government (federal or state) policies designed to take advantage of the strengths? What are they and how do they work? Or, alternatively, do we have any government policies that atte..
Problem: Table Illustrates the supply and demand schedules for calculators in Sweden and Norway. On graph paper, draw the supply and demand schedules for each country.
q1. least degree of confidence in an economic generalization?q2. what is example of propaganda?q3. a. assume the
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