Provide two examples of economics being used as a tool by (a) a student, (b) a business,
Question:
Provide two examples of economics being used as a tool by
(a) a student,
(b) a business, and
(c) a government. Classify your examples as dealing with microeconomic topics and macroeconomic topics.
Use the following news clip to work Problems 9 to 12.
Obama unveils major climate change policy Obama’s Clean Power Plan, which will set federal limits on carbon emissions from coalfired power plants, will cost $8.4 billion and reap benefits of more than
$34 billion. Opponents of the plan say it will drive up the cost of electricity for millions of Americans.
Source: CNN, August 3, 2015
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Related Book For
Essential Foundations Of Economics
ISBN: 9781786633255
8th Edition
Authors: Robin Bade, Michael Parkin
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