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It can take 10 years or more before a hazardous waste site is remediated. Often, exposure continues for the people that live on and around the site. Why does this happen and what can people do to make the process more expeditious?
The primary responsibility of conducting monetary policy rests with the: Credit cards do not fulfill the three functions of money. If there is an autonomous decrease in spending (a leftward shift in the aggregate demand curve) and the Fed wishes to h..
Suppose there are two goods, labeled x, y. A consumer has a budget of w = 220. Suppose the following two consumption bundles: (x = 4, y = 10), (x = 6, y = 4) all cost the consumer 220. What’s the price ratio between the two goods? Namely what’s py px..
The following information is for the US economy in 1998: Find the US labor force, the number unemployed and the unemployment rate for 1998. Numbers are in millions. Hint: start with population and kick out all those not in the labor forces.
Prior to? 2008, mortgage lenders required a house inspection to assess its? value, and often used the same one or two inspection companies in the same geographical market. How does this illustrate a conflict of interest similar to the role that? cred..
Melissa's utility function is U = min (L, E/2, 2T) where L are lattes, E are eggs, and T is toast. She is on a diet, and her calorie constraint for breakfast is Cbar = 600 calories. Suppose lattes have 300 calories, eggs have 100 calories, and toas..
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Suppose there is a policy debate regarding the United States imposing trade restrictions on imported semiconductors: Which of the following justifications is the pundit using to argue for the trade restriction on semiconductors?
Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for an increase in autonomous consumption of $50 million. Suppose the entire economy contains $5000 worth of one-dollar bills. If people fail to..
High and unexpected inflation has a greater cost. If a bank uses $500 of excess reserves to make a new loan when the reserve ratio is 8 percent, this action by itself initially makes the money supply.
A home mortgage with monthly payments for 30 years is available at 6% interest. The home you are buying cost $120,000, and you have saved $12,000 to meet the requirement for a 10% down payment. What is your monthly payment? If you are transferred in ..
Explain why a nation that imposes tariffs on imported goods may find its welfare improving should the tariff result in a favourable shift in the terms of trade.
Look at the table Production Possibilities for Machinery and Petroleum. The table shows the number of units of machinery each country would have to forgo in order to produce additional petroleum, assuming constant costs at its current levels of produ..
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