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How could free trade result in dramatic price reductions that force businesses to close and create unemployment?
Why in the end does free trade make good economic sense?
Suppose you are assigned the task of drafting a law to impose a tax on smoke emissions. What provisions would you put into the law? How would you decide the size of the tax? What would you do about smoke emitted by a municipal electricity plant?
If $32,000 is invested now, $42,000 two years from now, and $53,000 five years from now in a savings account that pays interest rate of 7.5% compound annually, what will be the total amount in the account in 10 years?
Suppose a polluting firm has MAC = 400 - ½ E, and it faces a tax rate of $120 per unit of emissions.
A wealthy businessman wants to start a permanent fund for supporting research on sustainability. The donor plans to give equal amounts of money for each of the next five years, plus one gift now (i.e., six donations in total), so that $100,000 per ye..
The price-quantity relationship has been estimated for a new prostate cancer blood test; Q = 4,000 – (20 x P). Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from $200 to $0, using $50 increments. For each ..
Scenario: Imagine you have been assigned the responsibility of preparing a paper for the governor's next economic conference.
Use the following macroeconomic model to answer the questions from 1 through 12: You must show your work of estimation to obtain the credits. Estimate the equilibrium GDP level (income).
A student goes to the library. Let events B = the student checks out a book and D = the student check out a DVD. Suppose that P(B) = 0.40, P(D)
Explain in simple terms why a carbon tax is more efficient than mandated fuel efficiency reductions for each auto manufacturer.
Which of the following value chain activities is unlikely to be a primary building block in a company's organizational structure:
What are the mean, median, and mode of a set of data, and how do they differ from each other? What are the different type measures of dispersion?
What is present amount worth & future amount worth? (Use graphs and equations) Suppose you are offered the alternative of receiving either $3,000 at the end of five years or P dollars today. Because you have no current need for the money, you would d..
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