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Q1. Why would the traditional poverty measure created in 1963 be misleading?
Q2. Suppose that as the result of recent labor negotiations, wage rates are reduced by 1o percent in a production process employing only capital and labor. Assuming the other conditions (productivity for example) remain constant, determine what effect this decrease will have on the desired proportions of capital and labor used in producing the given level of output at minimum total cost.
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day
For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
Would you expect firms in a tight oligopoly market reap higher profits than firms in a loose oligopoly market.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
the shortcomings of NAFTA for the last 20 years including what each country has lost as a result of NAFTA.
What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.
Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?
Which is a tax on profits generated from mining of iron ore and coal.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Why might variations in the dollar's value in terms of other currencies cause the trade deficit to move independently from the changes in the government budget deficit.
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