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Essay- Outline the human capital and signalling approaches to explaining the empirical link between education and earnings. Describe the main issue that confounds attempts to distinguish empirically between these two theories Outline some of the attempts that have been made to distinguish between these two theories, making sure to point out the limitations of these attempts
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
The article focuses on harmful economic effects, but also mentions some positive aspects. What are they? Does moral hazard apply to unions? Why or why not?
Draw the production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today.
What is the effect of unemployment insurance on the natural rate of unemployment?
Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition.
Draw up the payoffmatrix for game and do PA and LA have dominant strategies? Explain your answer.iii. What is the Nash equilibrium? Explain your answer.
Suppose you are an economic advisor to the president, who has asked you to design a program to reduce the amount of unemployment associated with displaced workers. What major elements would your plan include
What happens to the indifference curves when a household's income is reduced and how does a budget constraint explain consumer choices when used in conjunction with indifference curves?
The Aggregate Demand for goods and services in an economy must at every moment equal the value of Real Gross Domestic Product because both are defined to be the sum of (C+I+G+X-IM).
In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence. Why is there a probably ..
Determine what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past twelve months.
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