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There are 4 ?ways of finding out how much people are WTP for improvements in environmental quality. One of them is "Preventative or mitigation expenditure" ?method. If we consider a water pollution, how would you use this method to measure the benefits from the water quality improvement.
Question 2
Suppose there are two industries with MAC functions as follows:
MACA = 1200-3EA and MACB=800-2EB
And suppose the local government wished to reduce the total industry emissions by 25% ?by implementing a uniform standard. What is the level of emissions and TAC at each source under the uniform standard?
Did the FOMC change the target for the federal funds rate? If so, what was the change? On balance, in its statement does the FOMC appear to be more concerned about slow economic growth or high inflation?
Would you be in favor of expanding the role of the SDR to make it an international currency along the lines of Keynes' bancor?
A remote site can be protected from wildfires through earthworks and fire-resistant construction at a cost of $100,000.
Discuss the history of inflation with a focus on the incidents of hyper-inflation that occurred in Weimar Germany in the 1920s and more recently in Venezuela
Purchasing Power Parity establishes an exchange rate. Explain why the Big Mac is a good product to find PPP. Explain why the exchange rate is not always in PPP.
Econ 3342 Economics Assignment - For the period 1983 - 2017 (NOTICE THE PERIOD) create the correlogram for the variable inflation, use 12 lags
You've been put in charge of a bake sale for a local charity, at which you are planning. What would a production possibilities graph of this situation show?
Suppose that a (small) country is an importer of good X, for which the current world price is $8. At that price with free trade, home producers are supplying.
The US economy was in recession in 1974, 1980, 1982, 1991, and 2001. Based on our earlier discussion of export and import functions.
Classify the following pairs of goods and services as substitutes in production, complements in production, or neither.
Describe your understanding of externalities by providing an example of a positive externality and a negative externality and why do positive and negative externalities lead to inefficiency in the market economy?
Students fascinated with your explanation and eager to learn more, ask about the shape of the demand and supply curve in each industry. Provide a demand and supply graph for each industry to explain. Label equilibrium price and quantity.
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