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1. What are some of the costs associated with environmental degradation? How might they detract from economic growth? What are the developmental implications?
2. Why are children more susceptible than adults to health risks posed by their environment?
Environmental pollution is, for the most part, reversible, in the sense that it can be decreased if the appropriate steps are taken. What are the pros and cons, therefore, of using sustainability as a criterion for evaluating environmental policie..
Qx= 1100-30Px-40Py+30Pz+.025M, where M is income and Py and Pz are the prices of related goods. Py=$15, Pz=$50, and M=$40,000. Now assume Px=$60, and income is still $40,000. What is the price elasticity of demand
What sample size would be needed to estimate the true proportion of students at your college (if you are a student) who are wearing backpacks, with 95 percent confidence and an error of ± 0.04
e. Suppose that full employment equilibrium willoccur at Y = 4000. What kind of gap exists f. How much will government purchases have toincrease or decrease to reach full employment equilibrium g. How much will taxes have to be cut orincreased to ach..
Suppose that a color-blind consumer, has $80 to spend on either pink or lime-green sweaters. He does not care what color he weards but deems it very important to buy as many sweaters as possible with $80.
Suppose the market for semiconductors in the U.S. is characterized by: Qd = 200 – 40P [Demand] Qs = 40+ 40P [Supply] The market for semiconductors in the rest of the world is characterized by: Qd = 160 – 40P [Demand] Qs = 80 + 40P [Supply] Suppose th..
Suppose that the inverse demand for shale gas is given by p = 400 - 2q. The private marginal cost of producing shale gas is PMC = 100 + q. Suppose that in order to produce shale gas at the PMC given above, the oil and gas (O&G) companies (that pro..
Explain why the government has to be so active in keeping GDP on target in this case.
Remembering that the change in the capital stock is investment less depreciation, use a calculator or a computer spreadsheet to show how the capital stock per worker will evolve over time in both countries. calculate income per worker and consumpti..
If it contracts with a private firm; its profit would be $2 million, $0.7 million, or -$0.5 million with probabilities 0.25, 0.41, and 0.34, respectively. If it contracts with the government, its profit will be $4 million or -$2.5 million with rece..
Mr. Midas has wealth of $100,000 that he invests entirely in money (a chequing account) and government bonds. He instructs his banker to invest $50,000 in bonds, plus $5,000 more in bonds for every percentage point that the interest rate on bonds ..
Assume that the total value of the following items is $600 billion in a specific year for Upper Mongoose: net exports = $50 billion; value of new goods and services produced in the underground economy = $75 billion
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