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1. Why do economists think that discrimination in the labor market is an unlikely explanation for the persistent inequality in earnings between women and men and among the races?
2. Suppose that the government redistributes income by taxing the 60 percent of households with the highest market incomes 10 percent, then distributing the tax collected as an equal benefit to the 40 percent with the lowest market income.
Calculate the distribution of income after taxes and benefits and draw the Lorenz curve
(i) before taxes and benefits and
(ii) after taxes and benefits.
Suppose Alfred and Bart are originally paid $10 per hour at In N Out, and they originally choose to each work 8 hours per day. Explain how a wage decrease to $9 per hour could make Alfred choose to increase work hours per day, but could make Bart ..
given the following equations for the aggregate demand (AD) and short-run aggregate supply (SAS) curves. AD: Y = 1.25Ap + 2.5Ms/P SAS: Y = 11,250 -20W + 1,000P Where Y is real GDP, Ap is the amount of autonomous planned spending that is independen..
Why is it so useful to health services managers?
On her 23rd birthday a young female engineer decides to start saving toward building up a retirement fund that pays 8% annual interest, compounded quarterly (market interest rate). She feels that $600000 worth of purchasing power
Determine why Apple continues to source its production from overseas firms such as Foxconn? In your answer, consider what advantages and/or disadvantages this generates for the firm
Calculate the yearly nominal IRR received by the company and accepts the credit insurance (life and disability). Loan amount: $2000 APR 19.95% Finance charge: $594.25 Total of payments: $2730.50
Equation (7) in Section 20-5 tells us that inflation differentials, interest differentials, and depreciation rates are all approximately equal
Calculate the marginal effects in the logit analysis and compare them with those obtained using OLS.
what is the opportunity cost of a bottle of root beer
You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than one. To increase total revenues, you should:
Which recession had the largest increase in the rate of unemployment? Begin with the month before the quarter in which output first falls and measure to the highest level of the unemployment rate before the next recession.
Did G.M. sell 6,800 lemons to people who bought the pickups? If G.M. did, what was the private information that it had that buyers did not know? If G.M. didn't, explain why not.
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