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1. Does technology always lead us to the good life? How and why?
2. What would have happened to humankind if technology did not exist?
3. Ethical issues concerning the production of human clones emerged since it may be used for wicked purposes specially for terrorism. What may be the reason for not setting idea that idea behind its clear possibility of being used for terrorism?
4. COVID19 has been bringing global crisis since the last month of 2019 until this year. Experts initially believed that it is showing some signs of being used as undercover biological weapon. But, in your own understanding, by what means do you believe is covid19 linked to genetic engineering
5. In your own honest take what are your activities that might contribute in causing climate change?
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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