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Looking at examples for minimum wage around the world, what are the likely forces driving behind this legislation? Is the minimum wage legislation tied to income per capita or income inequality?
Using examples in your country, discuss the rationale for government in creating monopolies for the provision of basic goods and services. Explain whether you agree with the above statement
A father goes to the pharmacy late at night for cold medicine for his sick child. all medicine have almost the exact ingredients brand names sell for more. Explain, in economic terms this situation to the father.
In 200 words what is the most important economic principle you learned from the course? How did this information improve your understanding of macroeconomics, and what is its application in the macroeconomic environment
Suppose that the pound is pegged to gold at 6 pounds per ounce, whereas the franc is pegged to gold at 12 francs per ounce. This, of course, implies that the equilibrium exchange rate should be two francs per pound
1. economists are fond of saying that there is no free lunch. what concept supports this belief?2. name two opportunity
The relation among the number of technicians recruited per hour and the number of radiographs produced per hour is shown in the following table.
What relation does it have to the "formal" economy, and what challenges has it presented for how we think about the economy?
Develop and demonstrate their critical literacy skills. Students are required to apply economic principles to a case study and demonstrate their understanding
Discuss benefits and costs of joining a fixed-exchange area. What would you expect to happen to the difference between the interest rates for similar assets in this country and another country with open capital markets?
How would you account for the fact that although some observers claim competition is declining in the American economy, every business firm insists that it faces strenuous competition? Explain.
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
Say the economy is in recession and you are the newly hired Federal director of fiscal policy. List and explain the six properties of idea money.
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