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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 rate of 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, 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.” Carefully Evaluate the governor’s plan to reduce juvenile delinquency.
What ways do correction professionals use the social justice principles of equality, solidarity, and human rights to build a more just society?
Suppose the country of Liliput exported 229 billion dollars worth of goods while they comported 489 bilion dollars worth of goods in the last calendar year. Calculate Liliput's balance of trade:
If a monopolist increases quantity by one unit, but sells the increased output at a slightly lower price, A. marginal revenue is affected by adding one additional unit sold at the new price. B. all the previous units, which used to sell at a higher p..
“In a situation of increasing opportunity costs, trade can be beneficial to both countries if they have identical tastes. However, trade cannot be beneficial to either country if the countries have identical PPFs” Is this statement correct of incorre..
The Solis Company has estimated the demand curve for its product is represented by the equation: where is the quantity sold per year and is the price per unit. (a) Based on the estimated demand curve, write the equations for Solis'.
How are the weights of the various household items in the Consumer Price Index (C.P.I.) basket decided, i.e., how are they re-evaluated every year? Is it done manually or automatically?
An indifference curve that is convex to the origin has diminishing marginal rate of substitution: Find the marginal rate of substitution between x and y for the following function: Demonstrate mathematically whether each utility function above exhibi..
Which of the following is not a valid point in debating the merits of increasing government expenditures or cutting taxes during a recession?
Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles.
How does gated content relate to intellectual property rights in a digital world? Explain the economics and ethics involved.
What is the federal funds rate? Why is it a vital component of macroeconomics? How does the Federal Reserve influence the federal funds rate? Graphically illustrate the impact of an FOMC open market operation that aims to reduce the federal fund
Tamara's best friend, Janine, who had been having bad luck the past couple of years developing good relationships, finally meets the "man of her dreams." She has been dating him for several weeks. There is only one problem: this man is married. To fu..
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