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Branding Iron Products, a specialty steel fabricator, operates a plant in the town of West Star, Texas. The town has grown rapidly because of recent discoveries of oil and gas in the area. Many of the new residents have expressed concern at the amount of pollution (primarily particulate matter in the air and waste water in the town's river) emitted by Branding iron. Three proposals have been made to remedy the problem: A. Impose a tax on the amount of particular matter and the amount of waste water emitted by the firm.
If the velocity of circulation is growing at one percent a year, the real interest rate is two percent a year, the nominal interest rate is seven percent a year, and the growth rate of real GDP is three percent a year, calculate the inflation rate..
Explain carefully in terms of production theory why it might be that no amount of "cracking down" can increase worker productivity at CF&D.
Would the purchase of bonds by the Bank of Canada in 1.a) increase or decrease the potential for money creation? Explain in less than 5 lines.
The United States is one of the wealthiest country on earth, yet our fundamental economic difficulty is scarcity. How can this be? Also, determine the broadest and narrowest measures of money & how are they used?
effects of implicit variables on supply and demand. Elucidate what would happen to the price of a pair of jeans if the following happened.
Environmental Protection Agency (EPA) regulations tend to go through many stages of review and approval before they are implemented. Not only do many regulators have to approve a new regulation, but comments and reviews from industry and conservat..
A company in a perfectly competitive industry has invented and patented new process for making a plastic product q. The new process lowers the company's average cost curve,
As the author listed as the 1st profit of creation of approx 1000 private sector jobs. Describe the logic of this statement.
a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection. b. Discuss a few tactics that managers can use to overcome these problems.
Suppose that the demand function is given by x=P^-n, and the supply function by y= p^e. Determine the equilibrium price. Determine the effect on the equilibrium price of the introduction of a tax t=0.1
A company analyse it has the following short-run demand. What initial price should the firm charge.
should government officials attempt to reduce birth rates among families in so-called developing countries or anywhere else for that matter, what implications does your recommendation have on economic development
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