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How do mandated benefits affect labor market outcomes? Why do these outcomes differ from those resulting from a payroll tax? What is the deadweight loss arising from mandated benefits?
Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the ..
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
Homer's boat manufacturing has a monopoly on boat sales in the region. Homer's marginal cost of the 8th boat produced is $1,200. He produces only eight boats and can sell all eight boats for $1,500. The elasticity of demand at this price is -2. Is..
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
Find out the optimal prices, the number of tickets sold in each area and the seller's profit given that the seller wants to serve all consumers.
In a two-sector (manufacturing and agriculture) specific-factors model:
With the rise of the Video on Demand market, which threat is likely to have the least impact on Netflix’s streaming service business?
Major factors in the system of American government are the political parties and their roles and functions within the system. In a minimum of three well-written paragraphs, discuss the roles and functions/purpose of the political parties as they curr..
The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 also a reserve ratio of 10%. If it has excess reserves of $15,000, illustrate what is the size of the bank's actual reserves.
Identify a PLC company that uses strategic management - this company may be prosperous, booming, in decline, or in economic difficulties.
How might it be possible for the unemployment rate to still increase? Provide an example, i.e., provide a scenario with numbers, to support your answer
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