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A. Is underemployment considrred as part of inequality? Why or why not?
B. Define Poverty. Explain ways how to cope with this economic problem.
Suppose that consumer incomes are projected to increase 2.5% and the number of individuals over 25 years of age will reach an all time high by the end of next
Are You in Favor of the Social Security Program or Do You Think It Creates More Problems That It Solves?
Consider other proposals to replace the federal income tax structure with a flat tax structure or a national sales tax. How would these alternative tax proposals affect income distribution?
Briefly describe the hedonic theory of wages? What are all the costs and potential benefits of undertaking migration as an investment in human capital?
4. Do you have anything on your list of productive resources that can be used to produce more than one good? If so, identify the opportunity costs of producing
What is the mechanism by which an increase in government spending or a tax cut stimulates the economy? Government borrowing can “crowd out” private investment by…
Can you think of other common (not necessarily universal but widespread) characteristics of less developed countries not mentioned in the text? See if you can list four or five and briefly justify them.
Suppose Bob owns a pizza place in a competitive market. If an additional worker will cost Bob $200 and offers marginal productivity of 40 pizzas, what is the marginal cost of producing a pizza? Show your work and explain your reasoning.
In the real business cycle model, suppose that government spending increases temporarily (i.e.,Gt increases but Gt+1 does not). Determine the equilibrium effects of this using the diagrams of labor market equilibrium and goods market equilibrium. Bri..
You have received an order for 300 specially made items. On similar type items the improvement rate was 20%. The number of labor hours to produce the first unit was 14 hours, T1 (labor) = 14 hrs. Assume no learning for direct materials i.e T1 (materi..
A customer will purchase all 3 items with probability 0.06. What's the probability that a customer purchase:
What do you understand by SWOT. Using SWOT analysis describe the Strength , Weakness , Opportunities and threat of company which you know closely. Discuss most important factors for successful E-Commerce site designing. What is good E-Commerce securi..
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