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Suppose that the U.S. places tighter environmental regulations on crude oil extraction, an important component in the production of plastic. How might this environmental regulation on oil affect the market for recycled plastics?
What is the meaning of a four-firm concentration ratio? Interpret what four-firm concentration ratio of 60 % would mean. Interpret what a score of 90% would mean for the four-firm concentration ratio
Economists classify production functions as possessing constant, decreasing or increasing returns to scale. Yet, from a cause-and-effect point of view, it is not readily apparent why decreasing returns to scale should ever exist. That is, if we du..
If prior to the tax, coal account for 1/3 of expenditures on energy and oil accounts for 2/3 of energy expenditures, calculate the changes in the overall price and consumption of energy. What is the elasticity of demand for energy implied by these..
Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $10 million to $20 million between one year and the next.
Discuss the limitations of relying on random experiments to evaluate policy impacts and validity of experiments that are actually conducted, and two reasons that it is often not feasible to conduct random experiments in practice.
If you assume that the forward rate is a predictor of the future spot rate, does it suggest that the Dollar should have appreciated or depreciated from 2001 to 2002? (round to nearest integer)
Suppose you learn that Howard Industries is expected to raise the price of its pool cleaner (PH) by 3 percent next period.
Holding the price of computers constant, suppose the percentage increase in the price of barley is 10% and the percentage increase in wage is 5%. The effect of the increase in the price of barley on the rental price of land is then about?
You want to start a company, and are trying to decide between two different industries. You are doing your final research before you write your business plan.
A city has decided to impose rent controls, and it has established a rent ceiling below the previous equilibrium rental rate for offices throughout the city. How will The quantity of offices that building owners lease change
Which of the factors are least likely to affect what countries end up trading in the international market?
Germany consumers have $50 in income "their gross domestice product". They spend $35 on consumer goods "$25 on Germany goods and $10 on imports", they save $8, and pay $7 in taxes. The government collects $7 in taxes and spends $10 on locally-made..
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