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Imagine a nation discovers a massive source of oil off of its shore that it never knew existed. Imagine that this oil discovery has made the country instantly rich. Now consider your understanding of human nature. How would you expect people to behave once this discovery was revealed to everyone in the country?
Listen to this podcast from NPR, then consider the following questions. Submit answers to Blackboard with your class (Micro) and bonus in the RE section.
1. What would oil drilling companies want to do?
2. What would the government want to do?
3. What would the people want for their own personal condition?
4. What would happen to the balance of economic activity in the country?
5. Describe the impact on wages, prices and costs that this new found wealth would have on the country's markets.
Explain how do these barriers to entry affect the price of tickest to professional sporting events also the number of tickets sold
What discount rate is most appropriate for net present value calculations of large-scale projects? Of small projects? Of the quantity of inventories to hold?
After 25 years, the level of GDP in the second country is more than 25% larger than that of the first country. Why? And what does this show of the importance of small differences in the rate of growth?
The border is closed to trade and the markets are separated (the firm can ship to both markets, but product sold in one market can not be resold in the other).
Explain how GDP is measured in your country (Nepal). Provide real life examples.
suppose and economy described by the solow model has the following production functiony k12le12a. for this economy
Virtualization host with four processors. Each processor has four cores. According to vendor guides you can support up to 18vCPUs per physical CPU. You want to keep 20% of your CPU capacity in reserve. How many single vCPU virtual machines will yo..
What are two possible fiscal policy solutions for the problem? Using a Keynesian approach, you should be able to get numerical solutions. More points are given for numerical solutions.
suppose a consumer derives utility from consuming two goods x1 and x2. her utility function is given as u x1 y1 8
What aspects of the formal role of a Texas governor demonstrate why it is considered weak? How does the governor use informal powers to demonstrate to the public the strength of the governor's role?
In a speech in late 2011, President Barack Obama argued that: "Probably the single greatest cause of the financial crisis and this brutal recession has been the housing bubble that burst four years ago. Discuss in 500 words " What did president mea..
You need to find the new interest rate that is required to stimulate I. the increase in I has to be sufficient to push the overall Y level back to the original Y level that you have found in (i).
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