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Explain in detail the Kyoto Protocol and its current refinements. Why the protocol was negotiated, which countries have participated and which not, and what do you expect for the future of such a protocol? Do you think that countries could trade CO2 emissions among themselves?
Consider an economy with two sectors, high tech (H) and low tech (L), and three types of workers: scientists (S), managers (M) and blue-collar (B). S and B are the septic factors of the H and L sectors, respectively. Managers can work in both sectors..
The law of demand states that other things equal
Determine if the following situations describe a game or a decision. Indicate what specific features of the situation caused you to classify it’s you did. A party nominee for president of the United States must choose whether to use private financing..
Explain Carver Memorial Hospital's surgeons have a new procedure that they think will decrease the time.
Social Security payments to retired persons are included in
Two Cournot competitors, Nick Limited(O¨rm 1) and Junior LLC(O¨rm 2), face an inverse demand curve p = 400 2q in the market (q = q1 + q2). Both producers have a marginal cost of $10 per unit. What is the reaction function for Nick Limited? How many u..
How much deadweight loss does Great Reception causes when it restricts output and charges a price above marginal cost.
Explain why the classical supply curve is vertical. What are the mechanisms that ensure continued full employment of labor in the classical case? How does the Keynesian aggregate supply curve differ from the classical one? Is one of these specificati..
Organize the above data into the appropriate categories for the current as well as capital accounts determine the current account balance, the capital account balance, as well as the official settlements account balance.
The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to (-MPLF/MPLC ; -MPLC/MPLF) and it (becomes steeper; is constant; becomes fl..
The federal government controls which groups are recognized as Indians and which tribes receive federal benefits because of this recognition. However this poses a problem with American Indians not having sovereignty in their own government or being o..
Consider an inflation shock example where the o ¯ term jumps (positively). Given parameter values o ¯ = 9% (the exogenous price shock), a ¯ = 0, b = .6, m ¯ = 1, v ¯ = .4, and π ¯ = 3%, solve for the value of short-run output and the inflation rate f..
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