Others are gasoline and diesel consumption per capita

Assignment Help Business Economics
Reference no: EM131003343

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.

Reference no: EM131003343

Questions Cloud

Basic problem in applied economics-operations management : The news-vendor problem is a basic problem in applied economics/operations management whereby one must optimize inventory levels given some uncertain demand and fixed prices. The example below is a simplified example. A news boy purchases papers at 1..
What motivates a corporation to offer a pension plan : What is a pension plan? What motivates a corporation to offer a pension plan for its employees?
Unintended consequences of government obstruction : Explain how the “incidence” (i.e. “Who pays the tax”) of a per-unit tax on transactions depends upon the slopes of the supply curve and the demand curve. You may utilize graphical analysis to explain your answer as well. What function do private prop..
Qualified pension plans offer important tax benefits : Qualified pension plans offer important tax benefits. What is the special tax treatment and what qualifies a pension plan for these benefits?
Others are gasoline and diesel consumption per capita : 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. Th..
Floating currency regimes-exchange rate : Suppose that Mexican investors decide to pour money (invest) into the US fracking industry. Assume that the US and Mexico have floating currency regimes. Graph the US and HOME starting with BOP=0 at e1. Next, explain and show on the graph the changes..
What type of pension plan does lamont have : What type of pension plan does Lamont have?
Difference between movement along-shift of demand curve : What is the difference between a movement along and shift of the demand curve? Let us consider the demand for DVDs. What will cause a movement along the demand curve for DVDs and what will cause the demand curve for DVDs to shift? How will the curve ..
Differentiate between the accumulated benefit obligation : Differentiate between the accumulated benefit obligation and the projected benefit obligation.

Reviews

Write a Review

Business Economics Questions & Answers

  Initial consumer equilibrium position

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..

  What type of fiscal policies would help move economy back

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.

  Exports increased dramatically

In the last years of the 1980s exports increased dramatically. The effects on the U.S. economy include, ceteris paribus,

  Promotion to appeal to a new group of target customers

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?

  What is the economic order quantity

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..

  Calculate the price elasticity of supply for this producer

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 taxationa explain which

q1. state two economic principles of taxation.a explain which rule best justifies gasolines excise tax while the tax

  Normal good-the income and substitution effects

For a normal good, the income and substitution effects

  Included in the consumption component of GDP

Which of the following expenditures are not included in the consumption component of GDP?

  Why consumer preference influence price elasticity of demand

Explain why each of the following factors influence the own price elasticity of demand for a comodity

  Describe healthcare transactions-asymmetric information

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 ..

  Illustrate what is opportunity cost of work in this case

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

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd