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In a recent speech, the governor of your state announced: "One of the biggest causes of juvenile delinquency in this state is the high unemployment among 16 to 19 year olds. The low wages offered by employers in the state have given fewer teenagers the incentive to find summer employment. Instead of working all summer, the way we used to do, today's teenagers slack off and cause trouble. To address this problem, I propose to raise the state's minimum wage by $1.50 per hour. This will give teens the proper incentive to go out and find meaningful employment when they are not in school". Evaluate the governor's plan to reduce juvenile delinquency.
Economic growth has increased in the past few months in the United States and driven by a surging stock market and increased confidence in the global economy, Canadians have increased optimism about the future of economic growth.
What is the maximum per unit that sellers are willing to pay intermediaries if hiring them saves $8 transaction costs?
Joe won a lottery jackpot that will pay him $12,000 every year for the next ten years. If the market interest rates are currently 12 percent,
Appalachian Coal Mining believes that it can raise labor productivity and, therefore, net revenue by reducing air pollution in its mines. Its estimates that the marginal cost function for decreasing pollution
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
Explain how many tonnes of wheat and how many tonnes of copper ingots will be produced if each country specializes.
Discuss John Maynard Keynes' contribution to the theories of Macroeconomics. Why was he such an important economist.
The division of taxing also expenditure functions between various levels government.
Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable. Identify possible economic policie..
Some people have suggested that forced population control is an efficient means of decreasing the Tragedy of Commons associated with our clean air and water resources.
Describe why Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP near full employment and becomes especially steeply sloped beyond full employment RGDP
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