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Critical comment: How to analyzed that Ontario's minimum hourly wage was raised from $11.60 to $14 in January 2018 (an increase of slightly over 20 percent). As a result, unemployment must have increased, aggregate demand and income must have fallen, while inflation must have risen. (Do you agree or disagree, from the perspective of heterodox and orthodox, and yourself)
What is the federal funds interest rate? What actions should the Federal Reserve take to lower the Federal funds interest rate?
Why would one be unable to associate particular amounts of calendar time with the concepts of market period, short-run period, long-run period and historical period ? List as many reasons as you can why the low of diminishing retunes or variable prop..
If the real money demand is greater than the real money supply, interest rates must rise to reach equilibrium in the money market as institutions sell bonds
Social Security payments to retired persons is an example of: Answer A. a transfer payment. B. government spending shortages, and they always lead to deficits. C. income measured by using the value-added approach. D. a government purchase.
In contrasting equity and efficiency, why do high-tech firms seem to treat their employees better (better wages, benefits, working environments, vacations.
Compare the classical labor theory of value to the neoclassical utility theory of value. How do they differ both in assumptions and implications? Please cite volume and page numbers from Capital when appropriate.
a) Solve for the original market clearing price P* and quantity Q* b) Calculate price elasticity of demand at the initial price, P*
Economic expansions in Europe and China would cause
If you were a manager of a large manufacturing company and decided to offshore labor-intensive production to another country, how would you justify the decision to your employees and the community
The following, adapted from a merger case in 2014, were the approximate U.S. market shares of different cigarette companies: Altria, 47 percent; Compute the Herfindahl for this market, showing how you arrived at this number. Suppose that Reynolds Ame..
A wealthy patron of a small private college wishes to endow a chair in mathematics with a gift of G thousand dollars. Suppose the mathematician who occupies the chair is to receive $150 thousand dollars per year in salary and benefits. If money costs..
Two Division managers at King Size Manufacturing have been in a long discussion with top management about allocation of capital spending over the next three years. The current plan up for approval calls for the bulk of capital expenditures to go to D..
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