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The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever. What is the opportunity cost associated with using the social discount rate in this
For each of the following combinations indicate what the economy gives up by selecting the combination and why the omitted policy cannot be achieved.
The long-run aggregate supply curve, and the natural rate hypothesis are all related. How do active and passive views of these concepts differ?
End of the year your account is worth $15,000. During the year the market return was 10 percent. Does this mean that the market is inefficient?
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
Suppose that the only input used in the generation of solar energy is sunlight, which has a zero cost. The average total cost of producing electricity is: zero.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports. Explain one (1) protectionist policy that you would utilize to help domestic industry
The company has already deposited $20,000 in each of the last 5 years. How much must be deposited now in order for the fund to have $350,000 three years from now, if the fund grows at a rate of 15%
A design-build engineering firm completed a pipeline project. If the amount of money the company had invested was $6 million, what was the rate of return on the investment?
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
If the United States had the economic performance of China, what monetary policy actions would the Fed's most likely take. What actions might the People's Bank of China take to slow the economy?
Construct a single bottling plant in Phoenix, Arizona with a capacity of 40,000 cases per month, at a monthly fixed cost of $20,000 and a variable cost of $2.50 per case.
Government imposes a price floor of $120. Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market.
Describe at least five techniques you might use to monitor competitors' strategies and actions ethically and inexpensively.
Dependency theory characterizes countries as being either in the center or on the periphery. Explain these two concepts. If this theory is correct, what are the implications for development strateg
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2. How much pollution do you expect Friedman to produce in the absence of pollution regulation?
Write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right).
Evaluate the following statements using graphical analysis. when demand for home heating oil increases a shortage of heating oil will occur?
Supposed short run inverse demand in a monopolistically competitive market is represented. Given these demand and cost conditions, what price, output and profits result in the short run?
What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?
Expian how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregae supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate?
The central bank increases the money supply. Graphically illustrate and explain short-run monetary non-neutrality and long-run monetary neutrality using the AD-AS model.
Why the need for instrumental variables arises and how authors have approached the problem. Make sure to include a discussion of overidentification, the validity of instruments.
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each? How many popsicles will be sold/supplied per day in the long run if the price rises to $4 each?