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The minimum wage is used by governments as poverty fighting measure. The use of such means of creating equity among the masses does not always result in the desired outcome. The use of the minimum wage is explored and alternatives provided.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
Which of these methods of encouraging growth would you suggest to a newly industrialized economy,
Compute the elasticities of demand for and supply of broccoli at the market equilibrium, and interpret the meaning of these numbers.
You are a pharmacist in a small town. Explain how can you use this information to your advantage.
Currently one argument against the continuation of state regulation of insurance and one argument.
Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.
Assume Bank A, which faces a reserve requirement of 10%, receives a $1000 deposit from a consumer.
Why will resources specialize according to their comparative advantages. Explain why will this specialization increase production.
If the cost of a substitute product increases, which of the following is most likely to happen in the market for the product under consideration in the short run.
Briefly describe and critically possible short-run and long-run macroeconomic effects of this continuous increase of the federal fund rate
Assume demand shifts out to the right by 10 percent, the elasticity demand is 1.5 and the elasticity of supply is .5, By how much will price change.
Explain the influence that transferable property rights versus non-transferable property rights, has on individual decision making.
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