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Patricia Hill Collins refers to race, class, gender, etc. as "interlocking structures of oppression." Implied in that statement is that while some are oppressed and discriminated against on the basis of one or more of these categories, others continue to be be privileged. Citing peer reviewed sociological research on the subject, define privilege (on the basis of categories of identity) and discuss how privilege operates in peoples' daily lives.
Assume that the supply of labor to some industry is inelastic at Es, and that the industry has a standard, negatively sloped labor-demand curve. Depict the equilibrium. Now suppose that the government mandates that every employer must pay each worker..
A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm’s total weekly output from 110 units to 111 units and caused the firm’s weekly revenues to rise from $25,000 to $25,750..
Consider the following Heckscher-Ohlin model. There are two countries, Home and Foreign. They produce merchandise and service using skilled labor.
What do you think based on your current knowledge. Then look up some facts and answer them again. Is inflation: High, Moderate, or Low? Is unemployment: High, Moderate or Low; what is the unemployment rate? Are interest rates: High, Moderate, or Low?..
Show that there is no pure strategy perfect Bayesian equilibrium for this game. Find the mixed strategy perfect Bayesian equilibrium.
Suppose China wishes to peg the Chinese Yuan to the US dollar at $0.20/Yuan. But, because of foreign funds flowing into China, the Yuan appreciates. How can the People’s Bank of China (China’s central bank) maintain the pegged exchange rate? Is the B..
What are the major contributions of the different classical approaches to explaining urban hierarchies? Are these approaches consistent with each other, what are the similarities and differences between the two approaches?
A firm has $2.5 million in sales, a Lerner index of 0.67, and a marginal cost of $50, and competes against 800 other firms in its relevant market. What price does this firm charge its customers? By what factor does this firm mark up its price over ma..
What effect would this new law have on the price per acre of available land in that municipality?
Using aggregate supply and aggregate demand diagrams, illustrate each of the following situations: When will expansionary monetary policy reduce unemployment, but have little effect on inflation? When will contractionary monetary policy reduce inflat..
Economic inequality compares the share of the _____ in society that is received by different groups; such as comparing the share of income received by the _____ to the share of income received by the ______.
In a minimum of two paragraphs, explain how the United States may benefit from trade with one other country, discussing at least one particular product. Use the principle of comparative advantage in your explanation.
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