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In 1996, the government changed welfare laws to give welfare recipients a maximum of two years of welfare benefits, but also, education and training to improve individual skills. This policy helped to reduce what type of unemployment?
If the federal government runs a surplus
explain why a $100 billion increase in govermant purchases of goods and services will lead to a large increase in aggregate deamnd than a $100 billion decrease in taxes?
The primary characteristics of a “relationship” include mutuality, interaction, iterative nature, ongoing benefit, change in behavior, uniqueness, and trust. Think about a company with which you have a strong relationship. How are each of these attri..
A local taxi-owner's union is meeting to decide whether to raise the minimum ride price from $5 to $6. This price is the flat rate any rider pays who travels less than 2 miles. An economist at the meeting tells the group that studies have shown that ..
The U.S. Department of Commerce has estimated that if U.S. manufacturers use metric measures, their increased ability to compete on world markets should increase by about $600 million and thus benefit the U.S. economy by between $1.2 billion and $1.8..
Porter's Five Forces Model, Porter's Five Forces Model is a "classic model" that is still relevant for today's management. This is primarily an industry-based view toward competition. It can be used to support competitive decisions facing manager..
Explain why the reduction in employment would be less than 5 percent in the latter case. In light of the short-run elasticity of demand for migrant workers, how easy do you think it would be for the industrial farms to replace the workers’ efforts by..
q. patricia is researching venues for a restaurant business. she is estimating 3 chief features that she considers
Assume capital (equipment) is fixed, and labor is the only variable input. Assume the wage is $200 per worker per day, you are employing 4 workers and AP with 4 workers is 80, and AP when you only had 3 workers was 90. What is the marginal cost when ..
You are the manager of a theater. At present the theater charges the same admisssion price of $8 to all customers, regardless of age. You propose a two-tier pricing scheme: $5 for children under the age of 12 and $10 for adults. You tell your supervi..
Victor and Chris are playing a game. Both are supposed to call a number simultaneously and the number should be bigger than or equal to 0. Assume that Victor's number is x and Chris's number is y. If x>y, Chris wins and Victor should pay Chris $y. If..
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers.
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