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Consider the following examples of economic activities:
Decrease in taxes
Purchasing of groceries
Massive layoff of employees
Explain how each of these activities affects government, households, and businesses. Explain the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
Suppose labor costs are 17.5% of revenue per vehicle for General Motors. In union negotiations throughout the late 1990s, GM attempted to cut its workforce to increase productivity.
Suppose that a labor economist claims that recipients of economics PhDs gain little in terms of acquired productive skills from their graduate studies, but instead, the degree simply reflects a high level of inherent mathematical ability. Which on..
Discusses how externalities relate to the willingness to pay (WTP) analysis and demonstrates solid ability to accomplish the assignment
publishing house uses 400 printers and 200 printing presses to produce books. a printers wage rate is 20 and the price
jane is trying to decide which of three career paths to pursue. the first one requires one year of training at a cost
list and describe the characteristics of a perfectly competitive market. why would a firm in a perfectly competitive
A firm is focal point for a set of contracts. Explain the problems that (1) agency relationships, (2) asymmetric information, and (3) adverse selection can introduce to building a successful contract between two people.
W(sub)a= 1/a1(Y1)+1/a2(Y2)+1/a3(Y3)+1/a4(Y4) where a(i) are the constants. a) What restriction on the ai is needed for Wa to be an unbiased estimator of mu? b) Find the variance of Wa.
write a paper that addresses the followingprovide reasons for believing in the accuracy or inaccuracy of sensory
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor an increase in immigration
question a. third national bank is fully loaned up with reserves of 30000 and demand deposits equal to 100000. the
analyze the effects of each of the following on national saving investment and the real interest rate. explain your
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