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[1] What are the four tenets of natural capitalism. Please explain and tell us which one is in your opinion the most crucial. [2] Discuss ecological footprinting, what does it mean and what are its implications for a given society.
Assume there is a lapse from full employment. Compare the solution offered by the classical economists with that offered by J.M. Keynes. How do these solutions differ from those offered by supply siders and monetarists? You might also mention the vie..
Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. What are the impacts that the ph..
Each of the five nations that have been asked to bid for the broadcast rights for the London 2016 Games. Prepare to negotiate prices and other organizational details.
Suppose you are a manager for a company that produces grape jelly. Which of the following is the best way for you to reduce your risk
Illustrate what are the advantages of using capital in the production process. What is meant by the term "division of labor".
A company is considering a proposed new plant that would increase productive capacity. Which of the following statements is CORRECT?
Suppose the civilian no institutionalized working age population is 35.9 million in Labor land, 4.6 million are working part time, and 15.71 million are working full time. Labor land used the Bureau of Labor Statistics (BLS) definitions for unemploym..
The wilson company's marketing manager has determined that the price of elasticity of demand for its product equals -2.2. According to studies she carried out, the relationship between the amount spent by the firm on advertising and its sales is as f..
Waiting in line. Two hundred people are willing to wait in line to see a movie at a theater whose capacity is one hundred. Denote person i’s valuation of the movie in excess of the price of admission, expressed in terms of the amount of time she is w..
You are using a sample size of 15 for your charting purposes. Which of the following is the upper control limit D4 factor for the chart.
The free-rider concept occurs when a person enjoys the benefits of a good or service without paying for it. Music files are nonrival and effectively nonexcludable, thus creating a free-rider problem. Do you concur that the best solution is for the co..
The demand for widgets is P = 100 -3Q and the supply of widgets is P = 20 + 2Q. Who bears the economic incidence of a $5 per unit tax on widgets? Find the excess burden of the tax.
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