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The USA Federal Government has decided to embark on Energy Security for the Nation in order to secure future availability of energy for the country. USA is rich in oil and gas resources, but the goal is for the country to be less energy dependent. The President wants to send a bill to the Congress on this topic for approval. As an Adviser to the President on Energy, He wants you to develop various production scenarios that will secure enough energy for the anticipated Economic and Industrial Growth. The major question you want to help the President to answer is how much of our gas and oil should we be exporting and how much should we keep in reserves for the National consumption for electricity generation, transportation, petrochemical and any other local usage? You may want to use a base population of 170 million in 2016, and a population growth rate of about 3 % per year. You may also want to consider the products yield per barrel of the USA crude oil. Others are gasoline and diesel consumption per capita, and possibility of piping gas to various home for cooking.
Suppose that, from an initial consumer equilibrium position, the price of one good falls while the price of the other good remains the same. Using indifference curve analysis, explain how and why the consumer's relative consumption of the two goods w..
Illustrate what kind of gap-inflationary or recessionary-will economy face after shock and illustrate what type of fiscal policies would help move economy back to potential output.
In the last years of the 1980s exports increased dramatically. The effects on the U.S. economy include, ceteris paribus,
If a company wants its promotion to appeal to a new group of target customers in a foreign country, how can it protect against its communications being misinterpreted?
The UWM Bookstore orders coffee mugs out of a catalog from a supplier. The demand for these coffee mugs is 1,849 per year. There is a $45 charge for placing an order and the cost per coffee mug to hold it in inventory for the year is $2.50. What is t..
When the price of pine sawtimber in South Carolina increased from $30 per ton to $32 per ton, the quantity one producer supplied increased from 2000 tons per month to 2100 tons per month. Calculate the price elasticity of supply for this producer. Sh..
q1. state two economic principles of taxation.a explain which rule best justifies gasolines excise tax while the tax
For a normal good, the income and substitution effects
Which of the following expenditures are not included in the consumption component of GDP?
Explain why each of the following factors influence the own price elasticity of demand for a comodity
Describe some healthcare situations in which an agent has taken advantage of the principal. Then describe some healthcare transactions that have not taken place because of fears about asymmetric information. Identify some ways that nursing homes can ..
Provide an example of income effect and substitution effect in regards to supply of labour. Illustrate what is opportunity cost of work in this case
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