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Last year a very severe ice storm hit the north counties of New York state, and the states of Vermont and Maine. Electric poles were down and no one had power for days. It was reported that the price of kerosene heaters skyrocketed and the number purchased increased during this time. Using a supply and demand diagram, show the impact of the ice storm on the market for kerosene heaters.
Consider a game between a parent and a child. The child can choose to be good (G) or bad (B); the parent can punish the child (P) or not (N). The child gets enjoyment worth a 1 from bad behavior, but hurt worth -2 from punishment. Thus a child who be..
On a hill overlooking the Susquehanna River, two big wind turbines crank out electricity for Kroger Co.'s Turkey Hill Dairy in rural Lancaster County, Pa., allowing it to save 25% on its power bill for the past two years. Show the effect on the publi..
With the signing of NAFTA in 1994, the U.S.A., Canada, and Mexico entered into a trade agreement that had the potential to be much beneficial to all parties. Who was opposed to this free trade agreement? What were there reasons for being against it? ..
What are the recommendation for opening Disneyland in India and future plans for it? What would be the general objective and travel objectives, key persons with which to meet, activities to experience, travel plans and cost estimate to continue with ..
Labor demand is more elastic when: A. the substitution effect resulting from a wage change is larger. B. the scale effect resulting from a wage change is larger. C. Both of the above are correct. D. None of the above is correct.
Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- or long-term productivity in the United S..
What are the advantages and disadvantages of using an expansionary monetary policy in a recession compared to using fiscal policy? (Please note: I am not asking you how monetary policy works. You have already answered it in part c above. The question..
Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years.
Discuss the strategy of your organization according to the specificities of your business environment - explain how your organization can achieve significant cost savings and marketing benefits through the use of the internet technology.
Elucidate in detail the interrelationships between economic facts, theory, and policy. Critically evaluate this statement: "The trouble with economics is that it is not practical. It has too much to say about facts."
Consider a game of delegation. An uninformed principal must delegate some task to an informed agent with preferences imperfectly aligned. I'm aware of plenty of literature that studies these kinds of problems when there is a continuous action space, ..
When we attend a film, in a way there is not the same kind of "suspension of disbelief" as there is with theater. Rather we demand more "realism" be portrayed in the film. Yet in a way we are suspending disbelief just as much, just changing its fo..
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