Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1-Suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with .25 probability and pays $3 per day. The urban traditional sector pays 40 cents per day.-Will be any rural â?"urban or urban â?"rural as things stand? Explain your reasoning, stating explicitly any simplifying assumptions, and show all work.-What would be the urban traditional sector daily income have to be to induce no net rural â?" urban migration? If wages in all sectors are inflexible, what else adjusts in this model to lead the equilibrium ( be specific â?" how much does it adjust and what is the intuition).?
2.Suppose that potential rural-urban migrant would work for two periods ( of some length) in either the rural or the urban area. In this first period, she has 15% chance of getting a modern job, which pays $4 per day. In the second period, her chance of getting this job rises to 50%, if she has been there in the first period (learning about the job market)However , the present value of $1 received in second period is just $.50, i.e the discount factor is .5 .The urban informal wage is 0. The rural wage is $1 per day. Will she migrate( in the first period)? Show how you arrived at your answer.
Illustrate a supply or demand curve shift for the following article. The price of oil fell on Monday, January 12, 2009 as the weak economy has undermined oil demand. Light, sweet crude for February delivery fell $3.24 or 7.9%, to $37.59 a barrel.
Provide an example of how fiscal also monetary policies compliment or work against each other.
The rising stock market implies an increase in wealth, at least as measured on paper. If we assume that some of this increased wealth gets consumed, then the rising stock market fuels an increase in aggregate demand, and may contribute to an inflatio..
Compare and contrast the monopolist and the monopolistic firm Monopolistic competition is an inefficient form of organisation. Discuss
List and explain the sources of expenditures in economy by focusing on the 4 major sectors of economy.
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
Illustrate what should the Fed do in inflation continues to fall and eventually starts to become deflation.
Explain how many years would it take to reduce the unemployment rate by 3 percentage points, assuming that the current GDP growth rate will continue into the future.
Illustrate what is the present rate of unemployment and the current rate of inflation
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
Illustrtae the difference among concretionary and expansionary fiscal policy.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd