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The measured union wage differential will most likely understate the true amount by which unions are able to raise hourly compensation if which one of the following is not controlled for? (a) the demographic characteristics of union and non union wage members. (b) the characteristics of jobs held by union and non union workers. (c) the amount of fringe benefits received by union and non union workers. (d) all of the above.
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
Explain how many will be hired Daily Demand for Workers in a Purely Competitive Labor also Product Markets.
Describe graphically why someone guaranteed an annual salary might choose to work fewer hours than someone who could earn that same amount through hourly pay.
Imagine working at the Trading Desk at the New York Fed. Explain whether you would conduct open market purchases or sales in response to each of the following events. Justify your recommendation.
What will happen to the price of the computer in Yuan. Illustrate what will be the effect on Dell's cost of production.
Over the last year your boss has noticed that it would be useful for your firm to understand how consumers behave when variables in the market change and how these changes affect the total revenue for your product. You have been asked to do an analys..
Solve for the new equilibrium. Illustrate what happens to the price received by sellers, the price paid by buyers, and the quantity sold.
Explain how many units of blood wil be used in the US. What is the level of consumer and prduce surplus.
they both can earn 10$ an hour they both have non-labor income of 300$ per week and they have 110 hours per week of non sleeping time. Who would works the most hours also how much do each of them make per week
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
Consider a perfectly competitive market with many homogenous exercise gyms. Exercise gyms have learned that customers tend to use the gym less often than the customer anticipated when she signed up.
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
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