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Economic theory unambiguously predicts that total employment will be reduced when an effective minimum wage law is introduced A. in a monopsony labor market. B. in a perfectly competitive labor market if all workers in this market are covered by the minimum wage law. C. in a perfectly competitive market, even if some workers and firms are not covered by the minimum wage law. D. under no circumstances
One of the fans at this game believes in the Law of Small Numbers. She has the wrong model of how likely Curry is to make a basket. Here’s how her model works. The fan imagines that there is a deck of 4 cards. When Paul is Hot, 3 of these cards say “..
During the process of properly conducting a pat down of a man for weapons, an officer felt an object, which might have been a rock of crack cocaine. The officer was not positive of the identity of the object she felt.
Equilibrium in oligopoly is different from other market structures because:
How are the different dimensions of globalization - economic, political, cultural, ecological - connected?
If the government decides to increase the monetary amount of disability insurance payments to those who have been permanently disabled, it will make life easier for those who have been disabled. The fact that it could cause some individuals to falsel..
Mr. Roe gave up a job paying $18,000 and investments paying $6000 a year to pen this business. What is his accounting profit and what is his economic profit?
Suppose a human life is worth $10 million. Installing a better lighting system in the city park would reduce the risk of someone being murdered there from 3.5 to 2.9 percent over the life of the system. The city should install the new lighting system..
Compare and contrast the three different perspectives on sustainability. What is your perspective and how would you classify it given the three general views of sustainability we discussed? Consider what you have learned about the economics of non-re..
A Wall Street Journal offered the following opinion of the bond market in September 2012, when inflation rate was about 2%: “Someone buying long-term bonds yielding 1.5% or 2% and then seeing consumer price inflation of 4%, will be on the losing end ..
Why is it often difficult to develop a realistic analysis?
The government of British Columbia has suggested a “cash-for-clunkers” program. Under this program, the government would buy up “clunkers” (older cars that emit a lot of pollutants and do not meet current pollution standards). Is this a sensible poli..
The 1990s boom was followed by a recession in 2001. The Fed responded by using the tools of monetary policy. Identify two different monetary policy tools (or “mechanisms”) that the Fed might have used and explain how they work.
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