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Question: Use the following diagrams to answer a-c:
a. If unions are unable to have any effect on wages, draw the supply curve for the nonunion market.
b. If unions become able to restrict the supply of labor in the union sector, indicate what would happen in both the union and nonunion sectors.
c. What happens to the union wage and the number of union workers hired in b? What happens to the nonunion wage and the number of nonunion workers hired in b?
if the table shows the demand faced by a monopoly company then what is that firms marginal revenues as it increases output from 100 units to 300 units.
Reflect on what you have learned about catch-up theory and policies that have facilitated growth to identify two or three countries and/or special administrative regions that have experienced economic growth due to effective governance. Describe w..
What is the term for the amount that sellers are willing and able to sell?
Briefly summarize your role as Chief of Staff and the task the City Manager had charged you with regarding the Public Leadership Academy.
a. Ignoring issues of scale, which program is most cost-effective? b. Assuming that the public health department wishes to vaccinate at least 5,000 children, which program is most cost-effective? c. If the health department believes that each vaccina..
Compare the conditions necessary for efficiency for a pure public good with a private good.
How much income is needed to afford the same quantity of goods X and Z with the new prices? What is the rate of inflation? Is it possible for our consumer to buy the original bundle of goods with the new prices?
Assume that an investor wants to select one market segment for new investment. A forecast shows improving to declining economic conditions with the following probabilities: improving (0.2); stable (0.5); and declining (0.3). What is the preferred ..
1) Please explain how the Constitution provides for a system of separation of powers and checks and balances.
Assume the reserve requirement is 16%. If the Fed increases reserves by $20 billion, what is the total increase in the money supply?
Use the above data to answer the following questions-If the price of entertainment increases by 2 percent, what will happen to the quantity of food demanded? Please be specific
1. Describe the process of money multiplication. What is the role of the central bank and commercial banks in the process? What do you think happens to the money multiplier in a boom, and why?
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