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A town of 200 individuals that drives SUVs. 200 on average burn a gallon of gas every 18 miles. At 15,000 miles of travel what is the impact of driving this vehicle?
The town became environmentally conscious and switched to hybrid SUVs in order to get about 45 miles per gallon. At 15,000 miles of driving, what is the impact of driving this vehicle?
By switching to hybrid tech. what would the increase in fuel efficiency be?
Illustrate what effect would this have on her dress price in the short run, assuming she is following the rules of profit maximizes.
What factors underlie whether specialization in production will be partial or complete on an international basis.
Critically evaluate measures used by governments and central banks to manage the economies of their countries.
Johnny Rotten consumes two commodities, namely garbage and vinyl records. He keeps the garbage in the backyard where it is eaten by goats and vermin. The reason he accepts the garbage is that people pay him $2 per sack for taking it. Write down an eq..
Demonstrate that inflation is always a monetary phenomenon in the long-run, and explain why it might not always be a monetary phenomenon in the short-run.
A product that sells today for $100 per unit is expected to escalate in price by 6% in year one, 8% in year two and 10% in year three. Calculate the escalated dollar year three product selling price. If inflation is expected to be 5% in year one, 9% ..
Illustrate what public policies might be used to address one of the problems you identified in your response to the question above.
Distinguish between the following views of monetary policy
describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic.
Illustrate what is the most effective process of decreasing the quantity of drugs consumed and decreasing the amount of drug-related crime.
Suppose (contrary to fact) that the Scottish independence referendum had passed, Scotland had become independent, and you became its finance minister. Your first order of business is to recommend a currency for Scotland.
In the small town of Springfield, Duffman observes that the price of beer has fallen. Duffman concludes that the total amount of money spent buying beer has to fall since the price of beer is lower.
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