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The Clean Air Act instituted trades between states for SO2 emissions. Several utility companies across geographic borders have engaged in such trades in recent years. Consider a trade between a utility in Wisconsin and the TVA in Tennessee. Assume that the trade reduces Wisconsin electricity consumers' bills by a total of $ 1 million, and lowers Tennessee electricity consumers' bills by $ 500,000. Also assume that the trade improves local environmental quality in Wisconsin by an amount that people value at $ 2 million. If the local environmental quality in Tennessee declines as a result of this trade, then indicate a potential Coase agreement that could avoid the environmental decline and would still make the trade profitable to both parties ? Is such a trade possible in this scenario ?
Create a written analysis of potential chances and threats based on your understanding of economic and trade summary in each of your two selected markets.
Adele Corporation is planning the replacement of some electric generating equipment by a more efficient, technologically advanced model.
China and Japan can manufactures calculators and noodles using land and capital in a competitive market. To manufacture one calculator two units of capital and one unit of land are needed,
Analyze and describe the impact of the different forms of regional trading arrangements on international trade.
Suppose a scenario where you are an entrepreneur considering to increase your production of kitchen gadgets. You need to pay back a loan of $5,000,000 over 5-years.
Determine what evidence do we have that the Central Limit Theorem is true and explain why do so many of life's events share the same characteristics with Central Limit Theorem?
Suppose that the inflation rate in the United State and japan are 4 percent and 2 percent, respectively and that the current spot rate is $.0083333 per Japanese yen or 120 Japanesse yen per one percent dollar.
The United State imports Japanese cars with a domestic price of 5,000,000 yen and the yen or dollar exchange rate is 120 on January 1, 2003.
The following table explaines the production possibilities of 2-cities in the nation of Boston, determine the price of white socks in terms of red socks in Boston?
Consider the following data, and answer the questions given below. China and England are international trade partners. The following data are expected payoffs for two nations.
Assume that the United States and Canada are planning to trade. Suppose there are only two goods in the economy: potatoes and rice.
Assume there is a decrease in British (United Kingdom) demand for French products like cheese, wine, perfume etc., with all else remaining unchanged we expect
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