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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.
1. Using a supply and demand diagram, show what happens to the equilibrium quantity and price of corn in the United States.
2. Explain why you are moving the curve(s) that you are?
3. Using a supply and demand diagram, show how the changes in the corn market would affect the market for wheat (a substitute for corn).
Both Landes Winner and Bill Joy explore the issue of technology and control. How would you compare their two views of current technological development Focus the comparison on a specific technology, such as genetically modified organisms.
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1 suppose x is a discrete variable that has the following probability density functiona calculate the cumulative
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As Malcolm Gladwell points out in his article "High Prices," increases in drug spending are more the result of increases in drug utilization then in increases in drug prices. Why is this relevant to the debate over whether something should be done..
Suppose that a gambler plays a $1 game 7 times. in each game, his probability of winning is 20 percent. if he wins, he gets $4 prize. he gets nothing if he loses. to profit on the games, he must win at least twice. what is his probability of winning ..
It is believed that fiscal policy is more effective under a fixed exchange rate than a flexible exchange rate. Using the IS-LM model, illustrate and explain this differential impact for an expansionary fiscal policy.
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