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Answer two of the following: True/false/ Uncertain: Explain your answer.
(3 points each)
1. The compensating differential theory explains why jobs such as university professor or other prestige positions earn a higher wage than jobs such as university instructor.
2. In Canada, if visible minority women earn less than non-visible minority women, it is due to the higher average education levels of non-visible minority women.
3. It is easy to win a case of gender discrimination at work in the U.S.
4. According to Scientific American, when faculty supervisors discriminate against women they explain that it is because they think women are, on average, less intelligent than men.
5. According to the film, "It's a girl", it is acceptable to justify saving girls because women are beautiful and women have babies.
What is the relationship between Macroeconomic concepts and what is happening when the market returns money for pension plans?
Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- or long-term productivity in the United S..
Producer surplus is measured as the area
Most of the Federal elected politicians, members of the House of Representatives, are up for reelection every two years.
Consider an infinitely repeated Cournot competition with N firms. The market demand is Q(p) = 14 – p. All firms have the same cost function TC(q) = 2q. The common discount factor of firms is δ
Change the solution to 3A to display the three lowest day/shift combinations. Present the name of the day in Spanish and English in this result set.
Real GDP per person in both Alpha and Omega is equal to $2,000. Over the next 100 years, real GDP per person grows at a 1.5 percent annual rate in Alpha and at a 2.5 percent annual rate in Omega. After 100 years, real GDP per person in Alpha is _____..
In 1998, the Syndicated Bank Loan market (defined as loans having more than two bank lenders) was a vast and cheap source of debt financing for U.S. corporations. This market was characterized by a large number of financial institutions that aggressi..
Consider a consumer with utility function u(x1,x2) = x1x2 and income m who faces given prices p1 and p2. Draw the new budget constraint, optimal choice and indifference curve going through this optimal choice. What is the effect of the increase in pr..
Suppose a firm’s total cost curve can be represented as TC = 15Q2 +8Q + 45 and that marginal cost can be represented by 30Q + 8. What is this firm’s total fixed cost? Find the output level that minimizes average total cost.
Label everything clearly. Can a firm under monopolistic competition make economic profits in the long run? Why or why not? Explain.
Briefly state basic characteristics of pure competition, pure monopoly, monopolistic competition and oligopoly. Under which of se market classifications does each of following most accurately fit.
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