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1. Discuss five minerals (not elements!) that you encounter on a daily basis, including a description of the mineral properties, name the products or materials in which they are used and how the properties of the mineral help that product. Keep in mind that just because something is an element on the periodic table, that does not necessarily make it a mineral.Please be careful and reach out to me if you want to check this because points will be taken off if you do not choose minerals. If you choose a mineral that is also an element, you must discuss why it is both.
2. Study the chart showing 2007 U.S. Net Import Reliance for Selected Non-Fuel Mineral Materials. Pick two of the minerals (be careful they are not all minerals) of which we import 100%, and research what they are used for. Explain how global politics and international trade might impact the availability of each of them.
3. You may have noticed that the USGS Minerals Resources Program doesn't adhere to the same strict definition of a mineral that the textbook uses. Review the table showing mineral commodities required over a lifetime. Which material from that table is NOT technically a mineral? Why? Why do you think it is included in the list? Also, what are phosphate minerals and why are they so important to society?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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