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In 1976, a tragic release of one of the most toxic compounds known to man (dioxin, i.e., 2,3,7,8-tetrachlorodibenzo-p-dioxin) occurred in Seveso, Italy. The plant was manufacturing 2,4,5-trichlorophenol from 1,2,4,5-tetrachlorobenzene when the reaction ran away. The reactor overpressurized and the relief system opened for 5 min during which time 2 kg of dioxin escaped into the atmosphere through the plant's roof. The wind speed was 2 m/s and leak occurred on an overcast day. What is the likely concentration 10 km from the plant site?
Compare the graph you obtained with Figure 1 in Box 11-1. Did the low interest rates encourage growth?
Now calculate the GDP deflator for 2011 and 2012 (assuming that 2011 is the base year). d) What is the rate of economic growth between the two years as defined byt he percent change real GDP. e) What is the rate of inflation between the two years?
Draw in the resulting equilibria or tangencies and join up all of these points. You have just constructed a price-consumption curve for good X. Can you understand why the curve is so called?
Are your state's experiences the same as the rest of the country? Provide an explanation of why your state's experiences are the same as or different from the rest of the country.
what limits should an employer be allowed to place on employees' freedom of expression ar work?
Argue without solving this problem that there exists a unique value function V (k) and a unique policy rule c = π(k) determining the level of consumption as a function of the level of capital stock.
Charge an admission fee to thetheme park, but allow unlimited rides for free. Using graphs, show which pricing scheme is morepro table for Disneyland.
What is the economic rationale for a statute of limitations for tort suits? Based on this rationale, explain why it makes sense that there is no statute of limitations for serious crimes like murder.
A small private university is planning to start a volunteer football program. a random sample of alumni is surveyed. it was found that 250 were in favor of this program, 75 were opposed and 25 had no opinion. a. estimate the percent of alumni in fa..
Recent increases in rents have caused the citizens of Elmville to vote for a rent ceiling of $1200. Assuming all rental units in Elmville are identical and the supply and demand for rental units are given by Qs = -1000 + 20P Qd = 50000 - 10P
After Hurricane Katrina, about 250,000 New Orleans residents relocated to Baton Rouge, Lousiana, and as a result, housing prices in Baton Rouge rose from an average of $130,000 for a single family home to $156,000 six months later
What is the Consumer Price Index (CPI) and how is it determined each month? How does the Bureau of Labor Statistics calculate the rate of inflation from one year to the next? What effect does inflation have on the purchasing power of a dollar? How..
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