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What states that the quantity demanded for a good or service varies inversely with its price?
two types of consumers workers and retirees share a community with a polluting cheese factory. the pollution is
How did they achieve their goals? How did their efforts affect life today? Present your response in a clear, organized manner and cite specific examples.
Illustrate what are the effects on American wages and purchasing power of the continued outsourcing of labor overseas. What are some of the reasons for these trends.
Draw the aggregate demand and aggregate supply diagram four years from now provided your policy recommendations are undertaken.
Suppose that the repeated application of a pesticide used on orange trees causes harmful contamination of groundwater. The pesticide is applied annually in almost all of the orange groves throughout the world.
Compute the elasticity of demand for every parameter.
Identify also describe three trade restrictions. In your opinion, which method of restricting trade is the most efficient.
Illustrate what would you expect to happen in the general economy if these rates are all increased.
1. Explain why no nation is interested in taking the first and unilateral step of cleaning up the air (Hint: consider public goods). 2. Why are governments pressured to solve the global warming problem
An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business.
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
A firm is using 20 units of labour and 30 units of capital to produce 4,000 units of output. At this combination the marginal product of labour is 50 and the marginal product of capital is 40.
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