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"Space" is not just meant as Captain Kirk's "final frontier" in Star Trek. "Space" is also a term used in design to have the purpose in a long-term care facility of compensating the enviornmental arrangements to accomodate lessened sensory acuity, and provide landmark cues.
A smaller network carrier (hub and spoke airline) is considering expanding its product by adding a new route connecting its hub with the “fortress hub” of a global network carrier (see Doganis sections 9.6 & 9.7). Choose any one of the topics from Ba..
You are concerned about the damage that automobile pollution is causing our nation’s environment and are interested in the effect that gasoline prices have upon gasoline consumption. Specify your economic model as well as your econometric model of ga..
Consider an industry with two firms each selling a homogeneous good and producing at MC1 = 10 and MC2 = 40. Industry demand is given by P = 100 – Q. Competition in the market place is in quantities (Cournot competition). Find the equilibrium quantiti..
Compute real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
“A monopolist will never produce so much output as to operate in the inelastic portion of the demand curve.”
What are the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the trade barriers used?
The European Union has heavily protected its farm sector through import duties; in addition, the Union subsidizes its exports of agricultural products. If “cropland” is regarded as a factor of production and is included in the Leontief statistic (alo..
Initially, the economy is in long-run equilibrium. The aggregate demand curve then shifts $80 billion to the left. The government wants to change spending to offset this decrease in demand. The MPC is 0.75.
According to a recent report in The Economist, the price of tuna has been rising rapidly in the past few years. The prices has risen due to a rightward shift in the demand curve caused by a shift in consumers' taste to healthier sources of protein. D..
Consider an economy where 1999 is the base year used for all calculations of price indices and constant-price aggregates. The price of the average good counted in GDP was 5% higher in 1997 than in 1999 and real GDP in 1997 was $64,800. In 1998 the ra..
Please provide and discuss two examples of positive externalities and two examples of negative externalities regarding government regulation on business. Choose any two of these four examples and discuss what the government could do to correct these ..
Why does the aggregate demand (AD) curve slope downward? What could cause the AD curve to shift to the right? What impact would a rightward shift of the AD curve have on the economy?
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