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Compare and contrast the three different perspectives on sustainability.(weak substainability, Strong sustainability, ecological sustainability). What is your perspective and how would you classify it given the three general views of sustainability we discussed? Consider what you have learned about the economics of non-renewable resources and inter-temporal efficiency in the context of sustainability. If all of our modelling assumptions are retained, what is the implication for future generations with respect to prices and the amount of available non-renewable resources? What forces might change the outcomes for future generations?
Suppose a public referendum is being held on whether or not to levy a tax on cigarettes. Currently, the supply of cigarettes is given by Qs = -120 + 28P. You estimate the demand for cigarettes to be Qd = 200 - 4P. What is the price elasticity of dema..
illustrate what is the specific marketplace-failure justification for governing spending on public universities
q1. why do proponents of active policy recommend government intervention to close an expansionary gap? briefly
How could you graphically illustrate economic profits made by a perfectly competitive industry, a monopolist industry and a monopolistic competitive industry.
Illustrate what will be the most likely new equilibrium price level and output.
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
Suppose population growth rate is 0.03, inome elastiity of demand for consumption is 0.75 and inome growth rate of 0.05. what would be the growth rate of agriultural production for balaned growth of the economy.
Define the economic principle of opportunity cost and explain whether spending 17.9% of gdp is too much or too little to spend on healthcare.
What is your assessment of business's response to product and service quality and safety? Have they done enough? What is missing from their approaches?
Given two downward-sloping, linear demand curves, with one showing consumption to be 50 percent greater than the other demand curve at each price, is the demand elasticity the same at any given price?
Check your client's Web site to find out if it discusses its business plans for now and in the future. This is often found in a public company's annual report. Private companies sometimes list their business activities under the "About Us" or "Newsro..
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