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Be a “two-handed economist” and, In approximately ONE typed page (single-spaced), please explore ONE of the following issues using the concepts and materials from the course. By two-handed economist, I mean that you should not just present your opinion. Rather, present two perspectives on the issue, as in “On the one hand…. But on the other hand…..”
a) Economic growth is more than important for solving global environmental problems like mass extinction; it is essential. [Hint: don’t neglect distinctions between growth and development.]
b) Command and control regulation is/is not always more efficient, or cost-effective, than market-based solutions.
c) “Sustainable development” should have the same meaning everywhere, but it will never look exactly the same in any two places.
d) “Weak sustainability” is a good enough goal for some environmental issues, but “strong sustainability” is necessary for others.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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