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10-12 ConsiderTable 632 in the 2008 U.S. Statistical Abstract. a. Calculate the union wage effect. Calculate the union effect on total benefits. Calculate the union effect on total compensation. Union wage effect (21.91-17.66)/17.66=24.00 Union effect on total benefits (13.69-6.85)/6.85=99.9% Union effect on total compensation (35.60-24.52)/24.52=45.20% b. Note that for nonunion workers, retirement and savings increase total compensation by 75 cent per hour, with 60 percent of this expense coming in defined contribution retirement plans. In contrast, retirement and savings add $2.57 to the hourly compensation of union workers, and over three-fourths of this comes in the form of defined benefits and defined contribution plans. What is the difference between defined benefit and defined contribution plan? Why might a union prefer (and be able to negotiate) more compensation in defined benefits plans than defined contribution plans?
Further, assume that the countries have similar resource endowments and that, initially, they are not trading with each other. Therefore, each of the countries has to produce both rice and tea for its citizens. Suppose that, in the no-trade situat..
Despite the empirical evidence to the contrary, college decision-makers often believe that their price elasticity of demand is essentially zero. Is that right How important were price considerations in making your college decision Would a change o..
in order to answer the questions you will have to analyse the datasetattached via usinggretl or other statistic
The atmospheric pressure of 100k Pa acts on the other side of the piston. The gas is heated until the volume is doubled and the final pressure is 500 kPa. Calculate the work done by the gas.
1 a newspaper recently lowered its price from 3 to 1. as it did the number of newspapers sold increased from 240000 to
1. what is the rule of 70?2. nbspare all nations converging to the same level of real gdp per person? briefly discuss
Felix Jones, a recent engineering graduate, expects a starting salary of $ 65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years.
1. identify the relationship between resources their cost and the project schedule. explain how resources should be
Suppose that the price of good X rises and the price of good Y falls in such a way that the consumers new optimal consumption bundle lies on the same indifference curve as his old bundle.
Identify and discuss the tests used to determine whether a law complies with the equal protection clause What is discovery and what are the methods to obtain this information How does each method work
assume that the low-calorie microwavable food company from assignments 1 and 2 wants to expand and has to make some
How would income distribution and resource use change if a flat rate tax on comprehensive income were substituted for current progressive income tax in United States?
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