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-In 2021, the Ford Motor Co. of Canada announced that they would begin to build 3 models of electric vehicles in Canada in 2023 and 2024.
-Identify the elements of scarcity, choice, and opportunity cost for Ford Motor Co. now regarding electric vehicles.
-What would have been the effect on Ford Motor Co.'s production possibilities curve (PPC) when they decided to manufacture the electric vehicles? Provide a graph, if necessary.
-Discuss the ethical considerations for Ford Motor Co. regarding the production possibilities of electric vehicles.
Suppose that the public wishes to hold $0.35 in pocket money (currency and coin) and $0.25 in time and savings deposits. Suppose that banks wish to hold $0.20 for each new dollar of transaction money received. Suppose that $0.05 finds its way outside..
What is the cause of inflation? What does inflation do to the purchasing power of money? What are the likely impacts of a congestion tax predicted by economic theory? (could be a zone or other type of congestion tax) How does the most recent unemploy..
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
Take a real-life example and explain why it is necessary? If it is not true, what can happen?
Explain the requirements for an economy to increase its production capabilities (economic growth). is the United States doing a good job of promoting economic
Based on market research, Drexoogle has determined that the market demand for this product is Q = 2000 – p, where Q is in thousands of earpods and p is in dollars. Drexoogle’s cost function is 1000Q (there are no fixed costs). First, suppose that Dre..
(a) Find the exact amount of time to at least five decimal places that it will take to pay off this loan.
A few years ago, National Public Radio brought back the "This I Believe" radio series which originally aired in the 1950s
When gasoline prices spike, producers consider using oil fields that once had been passed over because of the high costs of extracting oil. In a figure, show what this statement implies about the shape of the oil extraction cost function.
The mean of the male students is 2.59 and the standard deviation is .76. What is the mean difference?
Suppose that in the absence of trade, Home consumes nine cars and two TVs, while Foreign consumes two cars and nine TVs. Add the indifference curve for each.
In monopolistic competitive industry the products that make up that industry are virtually alike. Only a few minor differences separate one product from the other (take soap for example). In such a case one is lead to believe that consumers could cho..
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