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1. What would you be willing to pay, as fair market value, for a clean, safe glass of ice-cold water? Explain.
2. Why do many judge the state of water cleanliness and safety mainly by sight and smell only?
3. Consider the following: "Environmental credit trading is a tool that can be used to support efforts that improve the environment by making those efforts less costly than they would be otherwise. But, environmental credit trading can only be effective in improving the environment if there is some firm requirement for environmental improvement (a cap or a standard) that needs to be met." What is your opinion of this statement?
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
Analyze the effects of a reduction in the nominal money stock on the price level, on output, and on the real money stock when the aggregate supply curve is positively sloped and wages adjust slowly over time
write a report based on the podcasts & the news article in the text and a critique as well (do you agree with Mankiw's view that "Consenting adults should be able to make economic trades
1. what types of products are phone services and electricity?2. why does a firm spend an enormous amount on advertising
the ppf curve shows the economic choices a country can make about production given scarce resources a given technology
A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 4.0, and the price elasticity of demand is -0.2. The cross-elasticity of
what is sustainable development? give 2 examples. what is an environmental sustainability initiatives ? give two
Mr. Jones becomes president. He declares everyone should be able to afford a white chocolate mocha. A law is enacted that the first white chocolate mocha anyone buys each week shall be priced at no more than $3. Graph what this law would look ..
Describe how an increase in the American demand for Chinese goods leads to a change in the Chinese yuan relative to the U.S. dollar.
Write down the Lagrangean for problem and Write down the first order necessary conditions (FOC) for a minimum.
What effect MTV has on international relationships? (for ex: MTV in Africa)
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