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Although economists speak as if economic growth is necessarily a good thing (your author not excluded), many question the sustainability and even the morality of ever increasing economic growth. Certainly we can nod to the idea that economic growth needs to keep up with population growth to maintain our current standard of living. However, does growth in excess of population growth increase well-being. A way to consider this is whether you are "happier," not whether you have more and better stuff, than your great-grand parents were? Some argue no and say that excess growth might even be construed as materialistic and immoral. Others argue that the pursuit of growth is depleting the earth's scarce non-renewable resources. What do you think?
What happened to leontif paradox when human capital embodied in us exports was accounted for as a separate factor of production? Does this help to explain why college students might favor international trade more than those with significantly less ed..
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
The city of Touristburg has implemented a lodging tax equal to 2% of gross revenue at local hotels. If you stay in a hotel that costs $250 per night for 3 nights, how much will you pay in lodging taxes? The city of Touristburg estimates the annual gr..
q.suppose that a citys energy demand is 30 megawatts during off-peak times and 40 megawatts at its peak. the city has
A permanent scholarship fund is started through a donation of $100000. If five scholarships of $5000 each are awarded each year beginning ten years from now, Calculate the rate of return for the invested money.
The market demand curve for a monopolist is as follows: Q = 18000 – 400P Marginal cost of this firm is $ 20 and is constant. Find the profit maximization level of output and price. Find the revenue maximization price and quantity.
Suppose Nike and Adidas spend enormous sums of money every year to promote their athletic wear, hoping to steal customers from each other. Furthermore, assume each year they have to decide whether or not they should spend more money on advertising. ..
The equation for the demand curve for Red Sox tickets is given by P=800-0.01Q^d. Graph the supply and demand curves. What is the equilibrium price and quantity? What is the slope of the demand curve?
When companies in oligopolistic industries announce a proposed merger, it is often met with resistance from antitrust authorities (such as the Federal Trade Commission (FTC) and the Department of Justice (DOJ) in the U.S.). In the U.S., we have seen ..
q.suppose a computer virus disables the nations automatic teller machines atm manufacture departure s from bank
Wheat can only be sold at a central market place M. All producers that do not produce it at M need to haul it there in 11order to sell it and will incur transportation cost. People are willing to pay $222 per ton of wheat; its marginal production cos..
Competitive advantage and comparative advantage will differ for China if. Gains from trade can only be achieved? if:
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