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As human beings living on planet earth, we have shared environmental resources which can be referred to as "commons." No one owns these "commons" it is just expected that the international community works together to maintain them. Effectively, pollution is something that effects the environment and is created on varying levels by various groups of peopleThe California Governor has recently realized the impact pollution is having on the environment in his state and has issued a mandate for no new gasoline powered vehicles to be sold in his state by the year 2035. How realistic is this plan? And do you think this is a necessary step in reducing pollution and maintaining the " common" of the environment. Should we ban gasoline powered cars nationwide?
Find the critical elasticity of demand for an SSNIP equal to 5%. How does this compare to the prevailing (Cournot) elasticity of demand?
Which of the following is not a macroeconomic variable?
A _____ shows the relationship between one firm's profit-maximizing output as a function of the output of a rival firm in a duopoly market.
Assume that higher taxes discourage people from working. Further assume that the SRAS is upward sloping because of the Imperfect-Information theory. a) Imagine there is a tax cut. What would be the impact on the AD, SRAS and LRAS curves? b) What is t..
If the company decides to select two persons randomly from these twelve candidates, what is the probability that both of them are women?
At the 2014 G20 conference in Canberra, U.S. Secretary of the Treasury, Jack Lew, warned that the euro zone economies face a decade of economic stagnation unless their economic policies change and that the “world economy could not afford a European l..
Now assume a 7% real discount rate. What would the present discounted value of the project be? Should the project still be approved under this discount rate?
If an employee is transporting company materials and gets into a car accident, should the company be held responsible and liable for any damages? Would your stance differ depending on if the employee were on or off the clock?
Consider a competitive market that all the firms in this market vent an ozone reducing chemical into the atmosphere as a consequence of their production activities. Is tis outcome efficient? Explain with the help of a diagram. Do these firms have an ..
Which would NOT shift the aggregate demand curve to the? left If there is an inflationary gap, the market will transition to long run equilibrium by. If the price level rises and the money wage rate remains constant, the quantity of real GDP supplied..
Over the last 10 years, from 2005 through 2015, the European Union economy grew by 12.1%. What is the average annual percentage growth?
The marginal damage averted from pollution cleanup is MD = 200 − 5Q. The marginal cost associated with pollution cleanup is MC = 25 + 2Q. What is the optimal level of pollution reduction ? Show that this level of pollution reduction could be accompli..
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