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Some states and cities (such as Washington, DC) have decided to raise the minimum wage to $15 an hour over the next few years.
You have been asked by the American Enterprise Institute (a conservative think tank) to use supply-demand analysis to construct an argument opposing raising the minimum wage. Present an appropriate graph and a one-paragraph argument against raising the minimum wage.
Now the Economic Policy Institute (a left-liberal think tank) comes to you to use supply-demand analysis to construct an argument supporting the increase in the minimum wage. Present an appropriate graph and a one-paragraph argument in favor of raising the minimum wage.
Assume that foreign inflation is 3 percent and domestic is 2 percent. How much higher/lower than the surrounding world’s nominal rate must the central bank mark their domestic nominal interest rate so that the real exchange rate will be unaffected?
Hardee's and Carl's Jr. recently used a television commercial featuring a school teacher dancing on the top of her desk while a room full of buys performed a rap song entitled "I Like Flat Buns." The song seemed appropriate since the ad was for the P..
What type of inflation occurs if workers ask for higher wages and firms must raise product price in order to pay their workers?
A first mover is dominating a market, with revenues of $40 million annually. The average total cost for the firm is $20 million, of which $19 million is fixed. How can the first mover keep others from entering the market?
Why would you sell these items through retail stores, or would you try direct marketing.
Find the equilibrum quantity and equilibrium price for the commodity whose supply and demand functions are given. supply:p=q^2+20q demand:p=-4q^2+10q+5200
Suppose that the inverse market demand for silicone replacement tips for Sony EX71 earbud headphones is p = Pn - 0.1Q, where p is the price per pair of replacement tips, Pn is the price of a new pair of headphones, and Q is the number of tips per wee..
Choose the 10-year period of history between 1950 and today that you are going to research. What is it about this period of history that interests you? What are some major economic events that took place during this period?
Explain the most appropriate fiscal policy to help stabilize the economy. What are the implications of using fiscal policy to help stabilize an economy that is in a recession?
In her presentation titled “And Never the Twain Shall Meet”—also delivered at Global Antitrust Enforcement Symposium, Acting Assistant Attorney General Hesse used a basic market model that you studied this term in EC 201. What is that model?
Where within the business cycle was the United States operating in October of 1929? Briefly compare and contrast the period of 1929 - 1932 with what has taken place in the United States over the past 4 years. While you may feel what happened in 1929 ..
A large electric utility company releases 62 million tons of greenhouse gases in to the environment each year. A company has committed to spending $1.2 billion in capital over the next 5 years to reduce its annual emissions by 5%. More will be spent ..
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