Yajaira Marcano Professor Badi Sabet ECO 2023 April 15‚ 2011 There is a significant debate between proponents and opponents of environmental issues at the moment in our nation. 1) Please give your opinion concerning this issue. 2) Please explain what the Cap-and-Trade Bill is. The environment is essential in any modern economy‚ healthy and prosperity. It is therefore necessary for governments to recognize that environmental economics play an important role in the design of environmental
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Assignment One – Child and young person development Task 2 – Explain the difference between sequence of development and rate of development and why the difference is important. The sequence of development is the order in which development takes place. Although some stages of development may be missed (for example some babies do not crawl and go straight from shuffling to walking) the sequence is usually followed by children and the order usually remains the same. The rate of development
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3. Consider the market for minivans. For each of the events listed here‚ identify which of the determinants of demand or supply are affected‚ also indicate whether demand or supply increases or decreases. Then draw the diagram to show the effect on the past and quantity of minivans A. People decide to have more children. Answer: It is expected to have more children‚ and household spending will increase‚ demand will reduce household wagon. From the supply point of view‚ due to population increases
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Answer the following questions: Question One: Explain why each of the following two statements is False: (Assume that all variables are kept constant in all the 3 statements below) Statement (1):If the price of shoes decreases‚ then the demand on socks will decrease as well because the two goods are complement goods. This statement is false : because they are complement goods so is the price of (x) which is shoes decreases the quantity demand of (y) which is socks must increases. In
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Available from: http://www.investopedia.com/terms/c/centralbank.asp [Accessed: 21 Oct 2013]. Investopedia (2009) Aggregate Supply & Aggregate Demand - CFA Level 1 | Investopedia. Available from: http://www.investopedia.com/exam-guide/cfa-level-1/macroeconomics/aggregate-supply-demand.asp [Accessed: 21 Oct 2013]. Milliken‚ F. (2013) Lexington Libertarian: Spelling It Out: Income Inequality Caused By Quantitative Easing. Available from: http://lexingtonlibertarian.blogspot.com/2013/09/spellin-it-out-income-equality-casued
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inflation‚ demand-pull inflation‚ and the need to maintain real wealth holdings. e. Recession phases of the business cycle‚ upturns‚ and downturns. ____ 5. The interest-rate effect is the impact on real GDP caused by the ____ relationship between the price
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Task 2 CYP 3.1 (1.2) Explain the difference between sequence of development and rate of development and why is this difference important. Sequence of development refers to the normal sequence in which children learn different skills‚ and the rate of development refers to the speed in which a child will develop. However‚ according to Burnham et al (2010) the difference between the sequence of development and the rate of development is that the sequence refers to the normal or expected sequence
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The notion of “fairness” is often the justification given for the government intervention in the market. Do you agree or disagree. 1.0 Introduction Fairness in the market can be defined as the equally distribution in the proportion of economic pie to every party. In the past‚ the economic prosperity is not uniformly allocated among the members of society. The wealthier will have a larger proportion of the economic pie whereas the poorer parties will only occupy a smaller part of the economic
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Fundamentals of Macroeconomics Part 1 In the United States economy there are several factors that affects its economy; these affects it in a different way; some of this effect are more severe than others. The gross domestic product (GDP)‚ the real‚ and the nominal (GDP) each causes different effect. There are others factors that affect the United States economy; such as the unemployment rate‚ the inflation rate‚ and the interest rate. These results have an effect on the grocery purchasing‚ the
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Problem 2: Assume that gross private domestic investment is $800 billion and the government is currently running a $400 billion deficit. If households and businesses are saving $1‚000 billion‚ what is the value of net exports? Use equation 2.6 to explain answer. T – G = (I + NX) – S. 100-800- 400= -200. In conclusion the value of net exports is – 200. Problem 5: if nominal GDP is $10‚608 and real GDP is $10‚400‚ what is the value of the GDP deflator? Solution GDP Deflator is Nominal
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