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In Carbon Democracy, Timothy Mitchell argues that the world is facing “twin crises” that will radically change our current ways of living, and in particular our current forms of political and economic life: the end of oil abundance and global climate change. What has been the role of crisis in shaping our world today, and how might the future look in the context of these twin crises? be sure, construct an argument about the relationship between crisis and political and economic change.
The Heckscher-Ohlin model assumes that there are two countries, each of which produces two goods (say manufactures and agriculture) using labor and capital. Which of the following is an additional assumption of the Heckscher-Ohlin model?
A decrease in the demand for incandescent light bulbs due to changes in consumer tastes, accompanied by a decrease in the supply of incandescent light bulbs as a result of government restrictions, will result in
Suppose the cross-price elasticity of demand between goods X and Y is -2. How much would the price of good Y have to change in order to change the consumption of good X by 20 percent?
Write an essay to explain in details macroeconomics balance as a basic concept of modern economics.
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
q1. law of diminishing marginal utility some restaurants offer all you can eat meals. explain how is this practice
What is the opportunity cost of producing a second unit of hospitals? What is the opportunity cost of producing a fifth unit of homeless shelters?
Corporate Strategies are divided to long-term and short-term.
A patient visits a clinic. He incurs $5 in travel costs and has a copayment of $25. The clinics total charge is $75. The clinic spends $10 to bill the insurance company for the visit and uses resources worth $45 to produce the visit. The insurance co..
What do temporary changes in the tax code do for incentives? Does this encourage long term planning? Should the government encourage long term planning? Should the Government use tax policy to change behavior?
Riley deposits $4,000 cash in her checkable deposit at Fershur Bank. If the desired reserve ratio is 5%, Fershur Bank’s
Suppose the long run price elasticity of demand for gasoline is -.60. Assume that the price of gasoline is currently $4.00 per gallon, the quantity of gasoline is 140 billion per year, and the federal government decides to increase the excise tax on ..
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