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Land and nonrenewable resources are always going to be topics with many contradictory viewpoints. How to use these fixed resources and when to use them are controversial issues that will create a hot debate for some time to come.
(A) What economic factors affect the proper use of land and nonrenewable resources?
(B) What noneconomic factors need to be considered in the debate about the proper use of land and nonrenewable resources?
(C) How might a business contribute to proper land use and conservation of natural resources?
Draw a graph of money market equilibrium. Is the real or nominal interest rate on the axis? Explain why. Let’s say the Fed wants to lower the nominal interest rate. Use your graph to show how they do this. Explain. c. Define monetary neutrality. Expl..
Suppose the parameters of the IS curve are a ¯i = 0, b ¯ = 0.5, r ¯ = 3% and the real interest rate is initially R = 3%. Is the economy in its long-term equilibrium? Explain.
The 2012 Human Development Report reported that the HDI of South Africa was 0.629 (and its rank was 121) and that of the Peru was 0.741 (and its rank was 77). In 2012 South Africa’s GNI per capita (in US dollars) was 7,610 and that of Peru was 6,060...
The BlackBerry production function is Q = 2.83L1.52K0.82. Epple et al. (2010) estimate that the production function for U.S. housing is q = 1.38L0.144M0.856, where L is land and M is an aggregate of all other mobile, non-land factors, which we call m..
You have studied the judicial branch of government, with emphasis on the Supreme Court, and the rulings they have made which have had wide-ranging effects on everyone in America. Describe the background of each of the two cases – the reason a case wa..
A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient?
Explain the effects of a tariff and a quota placed on imported automobiles on a domestic market. Who is hurt with a tariff or a quota and why? Who benefits and why?
A copier company want to expand production. It currently has 20 workers who share eight copiers. 2 months ago the firm added 2 copiers, and output increased by 100,000 pages per day. One month ago, they added 5 workers and productivity also increased..
Assume for the purpose of this assignment that we do not currently have a Social Security Act, but that the creation of such legislation is being seriously considered by the federal government for the first time and that the government has accurately..
The Kannapolis Intimidators price their tickets at $12 and average 1,600 tickets sold per game. Then they reduce their ticket price to $6, and then 2,800 tickets per game are sold. Assuming a linear demand curve, what ticket price would maximize reve..
The long-run aggregate supply curve is influenced by the price level. The opportunity cost of holding real money balances is the: Economic variables that generally turn down after a recession begins and turn back up after the recovery starts are call..
Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:
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