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In the typical signaling model, it is assumed that the costs of acquiring an education are higher for low-ability than for high-ability workers. Suppose that the government steps in and subsidizes low-ability workers for the higher costs they incur in getting an education (such as giving everyone who has been in school for 12 years a high school diploma, regardless of the person's performance in the classroom). Discuss what happens to the signaling value of a person's education. Can there be a perfectly separating equilibrium in this labor market?
An increase in the minimum wage
q1. research the current demand for a good or service of your choice. collect information that will affect the demand
When the price of gasoline goes up demand for the Toyota Prius. Is this a violation of the principles of demand since gasoline is a complement to the Prius? Explain.
q. 1. clients to live theaters inc. can be partitioned into 2 groups seniors and everyone else. the converse demand
Suppose that you have had a one-hundred dollar bill hidden inside your mattress for the past year. Suppose also that at the beginning of the year, you could have instead used the hundred dollars to purchase a bond that would have given you a real ret..
Explain why does it matter which particular mix of price and quantity is selected.
below is a list of domestic output and national income figures for a given year. all figures are in billions. the
Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.
John advertises his used car for $5,000 in the newspaper. He would be willing to sell his car for as little as $4,000. Bill values the car at $4,800 but offers $4,500 for it and John accepts. How much producer surplus is created by this trade? How mu..
q.joseph jones a manager at computer science inc. csi received 10000 shares of company stock as part of his
q1. a nation has a population of 260 million people. of these 60 million are retired in the military in institutions or
who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine.
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