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In the Great Plains states west of the Mississippi river, annual rainfall is less than annual water usage for irrigation. The level of groundwater in the Ogallala aquifer that underlies the region is dropping precipitously. On its western edges the aquifer has already run dry and ghost towns exist. Does this depletion of the groundwater represent an efficient use of resources? If not, why aren't unregulated markets efficiently allocating the scarce resource of groundwater in this area? What policy remedy would you suggest?
Assume that the treasury is currently running large surpluses (tax collections exceed new government spending). On a S/D diagram show the effect on Treasury Bond markets of using these surpluses to buy back outstanding treasury securities and reduce ..
Also, 40% of cell phones are both Flashy and owned by Hipsters. Finally, if a cell phone is owned by a Granny, the probability of it being Dull is .98. What is the probability that a cell phone is both Dull and owned by a Hipster.
What is the purpose of economic sanctions? What problems do they pose for the nation initiating the sanctions? When are sanctions most successful in achieving their goals?
If Robinson Crusoe can, either shoot 5-wild geese or catch 15-fish, on average, for every hour of labour effort. i.e. opportunity cost of shooting one wild goose is three fish.
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
What is the profit of each firm in equilibrium (problem 14)? REMEMBER THERE ARE NO COSTS
Peggy-sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster.
with the help of appropriate diagrams explain the following statement whether it is true false or uncertain an increase
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
What happens to price of a bond that pays a fixed percent of face value every year when interest rates in economy increase.
EXplain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand.
Compute the regular expenditure multiplier also the net tax multiplier if the level of consumption increases from $80,000 to $92,000 as a result of change in income from $120,000 to $140,000.
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