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Explain how economists have traditionally understood the impact of automation on work and employment. Explain Martin Ford's critique of that view, including what he believes is different about the current situation and what its likely consequences will be. Illustrate with examples.
One key assumption lying behind the policy irrelevance proposition is that
When a potential employee's true ability cannot be observed, firms will try to use observable characteristics as signals for how well someone will perform in a
Draw the market supply and market demand in one graph. Next to it, draw the situation of one firm, with the average total cost, the marginal cost, and the price (which under perfect competition is the marginal revenue).
In economics, the concepts of economies of scale and economies of scope if often used in the context of production. How are these concepts similar and different? Please use your own examples to explain these concepts
Calculate the market price of each bond. Which bond should be the most sensitive to general changes in bond yields and why?
case study - technology and economic change getting the benefits fromtasks to be undertakenbull read chapter 13 in
Explain the difference between point elasticity and are elasticity? What problem can arise in the calculation of the latter, and how is it usually dealt with? I
Explain how moral hazard, asymmetric information, and adverse selection molded tort law regarding compensation for injuries to slaves, livestock, and free passengers caused by, or occurring on, common carriers (steamboats and railroads). Explain why ..
The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
Using prices in 2012 as the base year, know that prices in the economy have grown on average by 1.35 times between 2012 and 2019.
Benjamin Asare and Alan Wong (2006) authored an article titled "An economic development of two countries: Ghana and Malaysia, West Africa Review".
What will happen to the price of the computer in Yuan. Illustrate what will be the effect on Dell's cost of production.
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