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Black men earn an average of 21% less than white men. A labor economist who wants to investigate whether the differences in earnings indicate labor-market discrimination against black men should consider whether black and white men have similar
(i) years of work experience.
(ii) years of education.
(iii) occupations.
(iv) quality of education.
a. (i) and (ii) only
b. (i), (ii), (iii), and (iv)
c. (iii) and (iv) only
d. (ii) only
Assume that there are two types of consumers. In particular, consumers of type 1 has utility function u(x, y) = x^0.5 y^0.5, whereas consumer of type 2 has u(x, y) = x^0.3 y^0.7. Both of them have income given by I>0, and the prices denoted are by PX..
Define entrepreneurs and describe the entrepreneurial characteristics/competencies portrayed by the character Carl Casper in the movie. In your opinion, what factors lead the main character, Carl Casper, to start his food truck business? Discuss the ..
The Madison location is the central headquarters for Badger Widgets. They have a full IT staff along with an established network infrastructure that includes Windows Server 2008 servers
Discuss an event in your home city or state that brings new economic activity. It might be a major construction project, or major sporting event that occurs infrequently and brings a large number of people to your local area. Describe who benefits fr..
Even if a perfectly competitive firm produces at a loss in the short run, continued production is prefer abled to shutting down as long as:
Presumably you have learned to diagnose the state of an economy and to explain how/why classical economists and Keynesians would deal with various problems in the macro economy. Assume that the spending multiplier equals 1.5. How much should governme..
As an economist, what good do you think each of your companies have a comparative advantage in. Why. What would an economist say was the cause of the price of your stock rising, falling or staying the same? Be specific regarding the determina..
Which of the following is true if cyclical unemployment is high?
A stock is paying a dividend of $3.10 annually and has an expected rate of return of 7%. You expect the dividend to grow at a rate of 2% for the indefinite future. What price should the stock sell for?
Do an Internet search on international faux pas. Read about behaviors that are rude or inconsiderate in other cultures that you might not find offensive at all. Are these behaviors considered inappropriate in only one other culture or in many? How mu..
Why has the application of the World Bank's standard Structural Adjustment Policies been counter-productive in many developing countries?
An advertising agency has developed Internet and television ads for a particular business. Each Internet ad costs $200 per run and each television ad costs $500 per run. The business does not want the sum of Internet and television ads to be run to e..
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