With the innovation of hydraulic fracturing

Assignment Help Business Economics
Reference no: EM131242587

With the innovation of hydraulic fracturing and horizontal drilling to extract natural gas from shale in the United States, U.S. gas production has increased and gas prices have decreased. With this new production technology, the United States is poised to become a major exporter of natural gas. But a 1938 law prohibits such exports unless they are judged to be in the “public interest.” Is it in “public interest” for the U.S. government to allow expansion of hydraulic fracturing in order to increase gas exports? Discuss the advantages and disadvantages of this policy. Who will benefit and who will lose?

Reference no: EM131242587

Questions Cloud

Different preferences for food and clothing : Chris has a utility function U(F,C) = 10FC , and joe has the utility function V(F,C) = 20F^2C^2 , where F and C represent the quantities of food and clothing? What is the set of market baskets that give Chris a utility level of 10? Draw the indiffere..
Discuss the conditions that lead to the freedom with fences : Discuss the conditions that lead to the “freedom with fences” (the ability to be innovative and creative within certain prescribed boundaries) organization. Can the “fences” stall the very ideal the executive seeks to achieve? And if we cannot train ..
Produces containers using two inputs-labor and glue : Compound consolidated corporation (CCC) produces containers using two inputs: labor and glue. If labor cost 10.00 per hours and glue costs 5.00 per gallon, draw CCC's budget line for a total expenditure of 100,000. In this same diagram, sketch a prod..
About the trade agreement : In November 1999, the U.S. and China reached a trade agreement, which led to the flooding of U.S. market with cheap Chinese products. Since then, Walmart, as one of the main importers of the Chinese products to the United States, has become the large..
With the innovation of hydraulic fracturing : With the innovation of hydraulic fracturing and horizontal drilling to extract natural gas from shale in the United States, U.S. gas production has increased and gas prices have decreased. With this new production technology, the United States is poi..
Candidates weaponize free-trade issue and politico : Candidates Weaponize Free-Trade Issue, Politico. Why Critics of Free Trade are Talking China, Not NAFTA, FiveThirtyEight. Economists Actually Agree on This: The Wisdom of Free Trade, New York Times.
Investigation related to possible collusion and price fixing : In july the department of justice opened an investigation related to possible collusion and price fixing. what created the suspicion of collusion ? also reasearch this case and share some details. what is currently happening? The Airline industry is ..
About relative strengths of output and substitution effects : Suppose the price of capital falls relative to the wage rate and, as a result, the demand for labor increases. Are these inputs gross substitutes, or are they gross complements? What can you infer about the relative strengths of the output and substi..
Classified as small companies and rest as large companies : Suppose, 70% of companies are classified as small companies and the rest as large companies. Suppose further, 82% of large companies provide training to employees, but only 36% of small companies provide training. What is the probability that a rando..

Reviews

Write a Review

Business Economics Questions & Answers

  The collection of international statistics

Many countries take a major terminology such as ICD and customize it to suit their local needs. Discuss the costs and benefits of this approach from an individual country’s point of view. What could the impact of Localization be on the collection of ..

  The efficient market hypothesis argues

Municipal bonds, or munis, The Efficient Market Hypothesis argues that. Which of the following is true regarding the trade offs associated with money? The Efficient Market Hypothesis argues that.

  Economies of scale throughout the range of market demand

Economies of scale throughout the range of market demand give natural monopolies

  What was the amount of the equal annual end-of-year payments

What was the amount of the equal annual end-of-year payments for each of ?rst 3 years? b. What was the amount of the equal annual end-of-year for each of the last 3 years?

  Presidential candidate has decided to enter primaries

A presidential candidate has decided to enter primaries in those states in which at least 20% of voters support her. Random samples of 200 voters were taken in each of a number of states. In New Hampshire, 33 voters supported the candidate. Test at a..

  Prepared periodically to evaluate the success of program

The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..

  The great inflation affected the banking industry

The Great Inflation affected the banking industry through the following channel(s).

  In the case of spillover benefits or costs

A market in which there is an additional transaction that would benefit a buyer, a seller, and any third parties affected by the transaction is called. In the case of spillover benefits or costs,

  What is the opportunity cost

Suppose the Nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces only teapots it can make 80 per day. If Arcadia produces only surfboards, it can make 30 per day. What is the opportunity cost of 1 teapot in Arcadi..

  Labor is the mobile factor implying that labor

Suppose Home economy produces 2 goods, Food and Cloth, using labor, land, and capital. Land is specific to the Food sector and capital is specific to the Cloth sector. Labor is the mobile factor implying that labor and land are used to produce Food; ..

  Supply and demand graph for subsidy on car production

Draw a supply and demand graph for a subsidy on car production. Be sure to label price paid, price received, consumer surplus before the subsidy, consumer surplus after the subsidy, producer surplus before the subsidy, producer surplus after the subs..

  General overview of how the project is proceeding

Initial greeting of thanks to your supervisor for being collaborative and supportive. General overview of how the project is proceeding. Operational successes. Description of a new festival activity. Description of challenges and problems confronting..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd