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1. Examine two (2) arguments one for and one against raising the minimum wage, and discuss your findings.
2. In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact in our economy1.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
Explain what negative externalities are, and why there may be a case for government intervention to address them. Describe some of the ways to correct the negative externalities and the pros and cons of each method. Provide real life examples.
Elucidate how on your diagram also calculate the profit maximizing output also price. Calculate the consumer surplus at the profit maximizing price also quantity.
List out the distinct characteristics of a perfectly competitive labor market and compare them to the characteristics of monopsony.
What is amount of China's foreign reserves by end of 2004. What problem is China facing as it continues to build huge foreign reserves.
What is a price ceiling and what effect does it have on the market? List and explain several positive and or negative consequences of this action. What would happen to producer and consumer surplus?
Suppose that, the economy initially at full-employment, the cantral bank increases the money supply. b. How are output and unemployment connected?
What is the economic profit/loss associated with this order if you proceed? Should you proceed or back out of this transaction?
If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
He drove this car until 2003 when he bought a Honda Civic for $18,000. If the price index in 1969 was 36.7 and the price index in 2006 was 180, Illustrate what is the price of the Dodge Dart in 2006 dollars.
the instructions concerning this assignment as well as the grading rubric are reproduced below. in 2009 the american
What could the federal reserve system Fed do in 2000 in order to bring the economy back to full employment ? What did the Fed actually do? explain
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