Principles Of Economics Strayer University ECON 100 March 12th 2012 Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements of the economic way of thinking in your analysis It is a real case of negative externalities both in consumption and production. production of alcohol causes pollution too. The two possible solutions suggested by economists are: Coase theorem-They can negotiate by
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make the world more eco friendly. With all the many pollution‚ not recycling‚ and wasting many of the earths natural resources we are slowly killing the Earth. There are many ways to help reduce some of the pollution and one of those ways is to buy a more eco friendly car. There are many different types of eco friendly or energy efficient vehicles ranging from a smart car to hybrids. Many of these cars reduce air pollution which cuts down on Smog and dirty air. The different eco friendly cars I will
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Assignment ( ECO 401 ) 1. Answer to part a. As the market clearing level is the quantity supplied equal to quantity demanded. Formulas Qs = 12000 + 50P Qd = 52000 - 30P Qd = Qs-----------------(1) Putting values in the above equation we get‚ 52000 - 30p = 12000 + 50p 52000 - 12000 = 30p + 50p 40000 = 80p P = 500 Clearing level of price (P) = 500 Clearing level of quantity (Q) = 52000 - 30P = 52000 - 30(500) Clearing level of quantity (Q) = 52000 - 15000
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bodies has witnessed a substantial downfall. Deaths of these living beings have been threatening our life cycle. Moreover‚ the sight of dead bodies of various sea animals after a week of immersion is ecologically disturbing and thus the concept of eco-friendly Ganesh Chaturthi is gaining momentum in cities like Mumbai.
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Term Definition Paper Suecirin Colon ECO 372 January 4‚ 2013 Professor Mayra M. Malpica Rivera Term Definition Paper The definition of macroeconomics is the study of the behavior of the whole (aggregate) economies or economic systems instead of the behavior of individuals‚ individual firms‚ or markets (which is the domain of Microeconomics). Macroeconomics is concerned primarily with the forecasting of national income‚ through the analysis of major economic factors that show predictable patterns
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Training is the acquisition of knowledge‚ skills‚ and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies. Training has specific goals of improving one’s capability‚ capacity‚ productivity and performance. It forms the core of apprenticeships and provides the backbone of content at institutes of technology (also known as technical colleges or polytechnics). In addition to the basic training required for a trade‚ occupation
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Ecofeminism in the 21st Century Relevance in the Modern Era Insert Name Insert Date Contents Abstract This paper will seek to investigate the relevance of ecofeminism in the 21st century. While there has been less exposure as of late‚ I would argue that ecofeminism is still a relevant school of thought‚ and as we are now facing climate change as the predominant threat to humankind‚ although sidelined within feminist theory because of critiques
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her lengthy wait for suitable accommodation‚ she said: “We had to go private for a while and I had seven children in a two-bed house. “Then we got this three-bed house and they knocked a doorway through to the one next door. Six bedrooms ... new eco-house plans Tewkesbury Council / SWNS. “It was meant to be for four months but we’ve been here for five years now. “It’s a nightmare because you can’t keep an eye on the children in the other house and there’s only one door between them‚ which is
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Utility means want satisfying power of a commodity. It refers to power or capacity of a commodity to satisfy human wants. In order to know whether a commodity possesses utility or not‚ we have to ask two questions: a) Does commodity satisfy the want of people? b) Are people ready to pay for it? If answers to these questions are affirmative then we can say that a commodity possesses utility‚ otherwise not. It is a measure of personal satisfaction or level of meeting a need that a good or
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Expectations of the US economy The last three quarters of the economy have been very strong and the fourth quarter week (Payne‚ 2014). While the fourth quarter’s poor performance is disappointing from an economic stand it is normal for there to be a weak fourth quarter after three strong quarters (Payne‚ 2014). All signs show that 2015 should be a year of growth for the US economy. Unemployment is expected to decline while GDP‚ Business spending and home sales are all expected to increase steadily
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