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Which statement is true?
a) Today more workers in the US are members of lavor unions than any time in our history.
b) Today labor unions are weaker than anytime in the last 100 years.
c) No major labor union has called a strike since the 1940s.
d) Labor unions are relatively strong in the public (government) sector.
Explain how does it affect consumer surplus, producer surplus, government revenue, and total surplus. Is it a good policy from the standpoint of economic efficiency.
Consider an investor with preferences given by the utility function U = E(r) – 0.5Aσ2 and there are two portfolios with the following characteristics: Portfolio A Portfolio B E(r) = 0.06 E(r) = 0.10 σ = 0.07 σ = 0.17 (a) suppose that the investor has..
Assume that average income in the world and the cost of catching fish are both equal to their initial values. Drag the vertical green line back and forth to show the equilibrium quantity of fish caught under these conditions.
When a company's depreciation is larger than its gross investment, net investment becomes negative and the firm's capital stock decreases.
Describe how much the consumer plans to spend in each year and how much she borrows or lends in the first year.
Understand why depositing cash on a checking account does not affect money supply immediately. Understand why when a commercial bank buys government securities from its clients, new money is being created? Understand why when Fed buys government secu..
Which of the following statements best describes the concept of a binding price floor. Suppose that the equillibrium price of donuts is $1.00 per donut.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat.
Describe how the substitution effect and the income effect influence the slope of an individual's supply curve of labor.
Determine the total consumer surplus and the total producer surplus; Label these areas on your Graph.
q1. given an exchange rate of sf1.25 1 how do the car prices of both countries compare?q2. the payoff matrix of
Explain how much of X and Y will Lisa White demand. Check out your answer by using the consumer equilibrium conditions.
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