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Q. Since September 11th attack there has been an increase in demand for security personnel-police, air marshals, airport security, etc. Explain how do you think higher demand has affected equilibrium wage? In which direction do you think labour supply and demand shifted?
Imagine that you borrow $5,000 for one year and at the end of the year you repay the $5,000 plus $600 of interest. If the inflation rate was 4%, illustrate what was the real interest rate you paid.
Elucidate with an aid of a diagram , the effect on prices and output if households decide to spend a large share of their income.
By how much will total economic surplus change if the city council passes a law requiring employers to include full reimbursement
If the demand for gold residue high explain what would happen to the price in excess of time.
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
When a construction possibilities frontier is bowed out, away from the origin the opportunity cost of a good.
Prevailing market cost is $15. Illustrate what will happen to number of industries in industry and to industry's output in long run.
wants to produce 1,000 more garments of clothing, so the economy moves from point A to point B. Illustrate what is the opportunity cost of 1,000 garments of clothing in the range between points A and B.
Compute the new equilibrium wage and the new number of jobs. Will the number of jobs increase or decrease.
Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, Illustrate which of the subsiquent is true.
Elucidate how if at all among the following events affects the location of a country's production possibilities curve.
Illustrate what amount of profit does the industry fail to pick up by refusing to increase output by one unit
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