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you have been assigned the task of determining the route of anew high way through an older section of town. the highwaywill rquire that many older homes must be either relocated or torn down. two possible criteria that might be used in decidingwhere to relocate the highwayare:
(a) ensure that there are benefits to those who gain from thedecision and that no one is harmed by the decision.
(b) ensure that the benefits to those who gain from the decision are greater than the losses of those who are harmed by thedecision.which criterion would you select to use in determining theroute of the highway. explain
Assume you decide to open a copy store. You rent store space, and you take out a loan at a local bank and use the money to buy 10 copiers.
Determine the economic implications for the United States of the increase of China and India as significant economic powers.
Consider a market for meals in a school cafeteria. Suppose that in this market only one seller (the school foodservice unit) can sell meals to an unlimited number of students. What is the price elasticity of demand at p=4 at that price
Compute the producer surplus from parts a and b. Are producers better or worse off as a result of international trade? Discuss why.
Explain how does the distinction among nominal and real interest rates add uncertainty to the effect of monetary policy on the economy.
The story states that good weather has resulted in an unexpectedly large crop, which we know will increase supply and reduce the market price for their coffee beans. If all of the farmers know that picking this large crop will guarantee them lowe..
Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.
The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.
Comprise a reconciliation of the differences among the forecasts for GDP and a rationalization for which forecast
the table shows the demand schedule for two consumers of lemonade, Eli and Molly. Assume that these are the only two consumers in the market. Use the multi-point line tool to plot the market demand curve for lemonade.
There is always debate regarding the structure of current income tax system in United State Many opponents of the current system argue that under its current structure,
Explain how did the Mexican peso crisis differ from the Russian ruble crisis. What was the role of the IMF in these two currency crises.
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