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a. )The food and drug administration classifies tobacco an "addictive substance."b. )The congress votes to raise the excise tax on all tobacco products.c.) Hurricane Fran dumps 15 inches of rain on North Carolina and destroys 80 percent of that state's tobacco crop.d.) Sixteen states sue the major tobacco companies for billions of dollars because of tobacco-related costs in their Medicaid programs. e.) Medical evidence that more than two cups of coffee a day (Considered by many to be a substitute for smoking) greatly increases the risk of stomach cancer.
At the time this book went to print, the minimum wage was $5.85. To find the current value of the CPI, go to Click on Consumer Price Index-All Urban Consumers (Current Series) and select U.S. All items. This will give you the CPI from 1913 to the pre..
in the diagram above discuss the implication to economic efficiency of an economy operating at point x .v. operating on
1. given the following information on the chinese balance of payments in billions of u.s. dollars answer the questions
Is First Amendment free speech protection only afforded to the spoken word? Explain. 2. The 2007 PwC Report suggested three things companies could do to minimize accounting fraud. Discuss these suggestions. 3. Describe the three types of negligence c..
mrs. smith operates a business in a competitive market. the current market price is 8.50. at her profit-maximizing
A major step toward mastering the economic way of considering is learning to reason in terms of supply and demand. I have listed many questions below to answer and practice these ideas.
Suppose the supply function is Q=4P^2 and equilibrium quantity=36.What is the price elasticity of supply? What are the steps to find this?
How does a budget deficit lead to an appreciating currency and a trade dificit? Explain how the introduction of the foreign sector makes the fiscal policy tool of budget deficit less effective in stimulating the open, as comapared to the closed, e..
The following represents the potential outcomes of your first salary negotiation after graduation:Assuming this is a sequential move game with the employer moving first, indicate most likely outcome. Does the ability to move first give the employe..
Compare and contrast your local utility company with a local farmer (corn, soy bean, cotton, etc.). Why does your utility company always operate with price is greater than marginal cost whereby the farmer attempts to produce where price equals mar..
How are the following demand curves likely to shift in response to the indicated changes?
What happens to the level of output and the price level in the short run and in the long run c. According to Okun's law, what happens to unemployment in the short run and in the long run d. What happens to the real interest rate in the short run and ..
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