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Question: 1. Discuss the implications of general and specific training for the worker's age earnings profile.
2. Why does human capital theory predict that the correlation between earnings and schooling peaks after about 10 years in the labor market?
3. Why are experimental methods now commonly used to evaluate the impact of training programs? Discuss how and under what conditions we can use the results of an experiment to estimate the rate of return to the program.
Compute the marginal product of labor when 9 units of labor are utilized. Assume the firm can hire labor at a wage of $10/hr and output can be sold at a price of $100 per unit. Determine the profit maximizing levels of labor and output.
Discussion of short-run exchange rate overshooting
Consider the russian ruble. In recent months, the value of the ruble has fallen considerably. The typical explanation for this is that political events, in the Ukraine, in particular, have made the future value of the currency difficult to predict. S..
Explain whether there is a relationship between inflation and unemployment. Should government interfere and reduce inflation and unemployment? Provide real life examples.
the demand for tickets at each game is q 100000 - 6000p. if the capacity of the stadium at that university is 40000
Supply and Demand Concepts
If the mass of 0.210 L of the compound was 2.38 g, calculate the molecular formula of the compound.
Great Recession
If funds cost 9% per year and cost inflation in fossil fuels will be 3% per year, how long will it take to recover the initial investment
What is the level of production when 10 units of labor are employed? What is the fixed cost of production when 10 units of labor are employed? What is the variable cost of production when 10 units of labor are employed
Describe an example you are familiar with in which a technological innovation led to an improvement in productivity. What was the effect on the cost of doing business or activity in which this technology was employed?
fiscal policy refers to the changes in governments choices regarding the overall level of government spending and taxes
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