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Which of the following is an example of how economics can affect science? A. Limited funding may lead scientists to research one topic instead of another. B. Legislators may create new laws about the use of natural resources based on the recommendations of scientists. C. A health crisis may drive scientists to prioritize research on new medications or vaccines. D. Community leaders may use scientific data to support a recommendation for costly pollution clean-ups
What is the variable cost and when output is 10,000, what are the average variable cost and the average fixed cost?
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
Defines the price of the imported good as the foreign market price before it is loaded into the ship, train, or plane for shipment to the importing country.
What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives?
One of the stumbling blocks of Voice over IP has been the implementation of a 911 service. The given story appeared on the newswires on Tuesday:
explain how rent seeking can lead to a drop in production of goods and services. what role might the underground economy play in lessing the drop in productie activities.
Assume the military bureaucracy consistently misinforms Congress on total costs of producing military hardware. Suppose that it underestimates the actual costs and that the political representatives believe these estimates.
With an unprofitable rural hospital that was offered a contract at a lower price, what are major economic concepts that are important in making the right decision?
Suppose that the euro zone is the home "country" and the US is the foreign country, which means that exchange rate, which has the dimensions of local currency per unit of foreign currency, is in units of euros per dollar.
Why does a business need to understand elasticity of demand and calculate the elasticity of demand between prices $6 to $8
The cost of transporting goods and the price of obtaining information has decreased substantially over the past 100 years.
Chamber of Commerce, and your colleague has written a position paper and asked you to proof read it. In that report, she concludes; "in 2009, the U.S. exports were $1.571 billion and imports were $1.946 billion, with a resulting trade deficit of $..
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