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Land and nonrenewable resources are always going to be topics with many contradictory viewpoints. How to use these fixed resources and when to use them are controversial issues that will create a hot debate for some time to come.
(A) What economic factors affect the proper use of land and nonrenewable resources?
(B) What noneconomic factors need to be considered in the debate about the proper use of land and nonrenewable resources?
(C) How might a business contribute to proper land use and conservation of natural resources?
Assume that the U.S. dollar and the Japanese yen are the only two currencies in the world. a. A bilateral nominal exchange rate S is the spot (now) exchange value of one currency in terms of the other and S can be written as dollars per 1 yen or yen ..
Explain why the budget line can be called "objective" but an indifference curve is called "subjective." Explain why, if a consumer is to be in equilibrium, the marginal rate of substitution of good X for good Y must equal the negative ratio of the pr..
The cost of grading and spreading gravel on a short rural road is expected to be $ 300,000. The road will have to be maintained at a cost of $ 25,000 per year. Even though the new road is not very smooth, it allows access to an area that previously c..
q1. illustrate what is a random walk? explain how is halls random-walk model of consumption related to the life-cycle
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List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data
What would be the resulting effect on equilibrium price level - explain. What will be the effect of the different tools of fiscal policy to stabilize the economy?
Determine the steady state level of capital, income and consumption (all per unit of labor) as a function of the savings rate and the depreciation rate. Suppose that the depreciation rates is 10% per year. Compute consumption per unit of labor for a ..
What are the similarities between the Great Depression and the Recession of 2008 and differences between them, and to what extent did government intervention both initiate and resolve these economic difficulties? Lastly, what are the lessons to be le..
If the economy decides to achieve the Golden Rule level of capital also actually reaches it, illustrate what will be the marginal product of capital.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
What trade-offs does the Federal Reserve consider when deciding how rapidly or how slowly to increase the U.S. money supply? What are the dangers of increasing the money supply too slowly? Too rapidly? What factors make it difficult to predict the gr..
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