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Explain the worker-effort variant of efficiency wage theory with moral hazard? Do you believe that worker-effort variant of efficiency wage helps to overcome the problem of moral hazard?
Assume the following demand and supply equations: Qd = 1000 - 40P, and Qs = 400 + 20P. Calculate the intercepts and the slopes of the two curves.
One cornerstone of President George W. Bush's economic policy during his first term in office was tax cuts targeted towards high income and high net worth households. Under his proposals the marginal tax rate applied to capital gains taxes has bee..
Should US immigration be limited? Using the sites below identify the single most critical issue in the immigration debate for the US economy? Why is this issue more important than any other?
economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future.
"The Commerce department announced that it is shifting from 1987 to 1992 as the base year for calculating the nation's real GDP and price index."
AMERICAN FREE ENTERPRISE- Critical Thinking Activity: How is energy important to modern food and manufacturing production and distribution?
What is the term for the value of the next best alternative that we give up when we make a choice or decision?
Calculate the equilibrium level of income/ aggregate expenditures. Assuming M =200, calculate the new equilibrium and the multiplier
Consider the following model of aggregate demand, in which there is no international trade, the price level is fixed, and the symbols are defined as in class (all dollar amounts in billions):
Ralph wants to buy some milk and a box of cereal. If Ralph buys 4 gallons of milk at $3.00 per gallon, the box of cereal costs $2.00. If he buys 5 gallons of milk, the box of cereal is free. For Ralph, the marginal cost of buying a fifth gallon of mi..
When does a recession begin and when does it end and the dating of a business cycle is done by the Business Cycle Dating Committee of the National Bureau of Economic Research
A producer of photocopiers derives profits from two sources: the immediate profit it makes on each copier sold and the additional profit it gains from servicing its copiers and selling toner and other supplies. The firm estimates that its addition..
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