The concept of a safety value in CAP programs means a. there is an upper limit price that, if reached, would trigger the release of more permits b. there is a lower limit price that, if reached, would trigger the retirement of permits c. the EPA is allowed to purchase permits in order to maintain a higher price d. both A. and B.
“Is the GDP Still Accurate in the Digital Age?” What the GDP measures, if anything, has become quite the issue in the digital age. Consider this data: In 2012, U.S. Real GDP was $15,345.63 billion and Real Per Capita GDP was $48,842 billion. Five years later, at the end of 2017, U.S. Real GDP was $17,096.18 billion and Real Per Capita GDP was $52,446 billion. […]
1)Assume that investment does not depend on the interest rate. A decrease in government spending will cause which of the following for this economy? a. An increase in output. b. An increase in the interest rate. c. A decrease in investment. d. No change in investment. e. An increase in investment. 2)An increase in the aggregate price level, P, will most likely have which of […]
Can you solve Number 2 (all parts a-d). And please show all work. 2.Assume that there are only two countries that produce crude oil, Saudi Arabiaand Venezuela, that they produce the same grade of crude oil. First we aregoing to pretend that there are "regulators" that force them to behave as if theywere perfectly competitive firms, and second, we are going to allow them tojoin […]
Hi, I need help regarding the answer to the 5 questions below. Thank you so much, I appreciate all the help. 1.For the aggregate demand, income and the price level are: a) both falling b) inversely related c) directly related d) both rising 2. a) indirectly related, but in the long-run, the price level is constant. B) indirectly related, but in the long-run, income is […]
illustrate the effect of capital formation by comparing the prodution possibility curves,at the present time at the prsent time and ten years in the future,for two economies,one with a high rate and the other with a low rate of capital formation.
Please see the attached and answer the following: 1.Recall that the Aggregate Expenditure function is written as: AE =AE0 + (slope of AE) *Y where AE0 is Autonomous Expenditures. Use the table in part (a) and your answer to part (c) above to calculate Autonomous Expenditure AE0. [Hint: Calculate induced expenditures for any given level of GDP, and use your answer to figure out AE0] […]
1. Monopolies Meyer describes the good, the bad and the ugly aspects of monopolies. Describe each of these. In thinking about the Economist article about the internet monopolies, can you recognize any of these good, bad and ugly aspects of monopolies with respect to the internet giants that you deal with as a consumer? 2. A Dream Job? Assume that you are a budding chef, […]
The Tax Cut and Jobs Act, 2017The changes made by the Tax Cut and Jobs Act, 2017 to the tax provisions have changed tax rate for 2018 and people are getting a first-hand experience of what it means to them. Go over the Act and address the questions below: What are the major changes made to the tax provisions by the Act? What impact is […]
Problem 2. (6 points) A local ice cream has total costs of production given by the equation TC=500-10q+5q 2 . The market demand for ice cream is given by the equation QD=175 – (1/2)*P. 24. If the competitive market price of the output is $50, how many units (qSR) will this firm produce? 25. Given a competitive market price of $50, how many firms (NSR) […]
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