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a. Briefly describe the national security implications of the dependence on imported oil.
b. Politicians of both political Parties routinely discuss the concept of achieving energy independence. Describe the reasons why this is or is not a realistic goal.
c. State whether you believe the concept of “running out of oil” is significant as a matter of economics and what conclusions do you draw from the failure to find major new fields in the last thirty years.
d. How have changes in the price of oil impacted the US macro economy since the 1970s.
e. How has the elasticity of gasoline changed over time and what are the implications of this change.
Recently, a bank was trying to decide what fee to charge for "expedited payments"—payments that the bank would transmit at a faster speed to enable customers to avoid late fees on cable TV bills, electric bills, and the like. To try to determine what..
The study quoted in the text demonstrated that calorie posting did not cause any significant changes in Starbucks revenue over all. In 2001 and 2002, McDonald's tried to improve the quality of its service by hiring mystery shoppers to evaluate servic..
In 1997 the Government of Ontario reformed that province’s welfare system. The reform reduced the amount of welfare payments to a person with no income, but also allowed welfare recipients to keep a larger part of their welfare payments if they did e..
Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service - Describe the local economy's stage in the business cycle.
A study finds that the noise from leaf blowers is harmful, so the government imposes a $20 tax on the sale of every unit. This amount accurately accounts for the social cost of the noise pollution. Before the corrective tax, Blown Away Manufacturing ..
Another utilization of cash flow analysis is setting the bid price on a project. To calculate the bid price, we set the project NPV equal to zero and find the required price. Thus the bid price represents a financial break-even level for the project...
If the economy is facing rising levels of inflation, what would the Fed do with its three monetary control tools? Why does the Fed buy government securities during a recession?
We are using data on executive compensation and profits of 70 companies. Suppose the following model describes the relationship between executive compensation (compensation) (in $ millions) and the company profits (prof it) (in $ millions): log(compe..
Stanley's profit-maximizing output, price, and profit if he were allowed to set his own price instead of having to charge $0.80.
When transaction costs are low enough, efficient resource allocation will follow regardless of the particular assignment of property rights. When transaction costs are high enough, efficient resource allocation requires assigning property rights to t..
Supply is the world supply. Elucidate the consumer surplus at the equilibrium price. What is the producer surplus.
question 1 for the following scatter plot what would be your best estimate of the correlation coefficient?nbspquestion
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