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Opponents of free trade often want the U.S. to prohibit the import of goods made in overseas factories that pay wages below the U.S. minimum wage. Banning such products is likely to:
a. Cause these factories to pay the U.S. minimum wage.
b. Increase the rate of technological innovation in poor-countries so that they can afford to pay higher salaries.
c. Increase poverty in lowly developed countries and benefit U.S. firms which compete with these imports.
d. Harm U.S. firms which compete with these imports.
According to the principle of cyclical unemployment, what will occur when the demand for goods and services drops during a recession?
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In the space below draw two separate graphs. In the first graph (label this Joe's PPF) draw Joe's PPF measuring basketballs on the horizontal axis and dozens of doughnuts on the vertical axis
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Suppose a new standardized test is given to 100 randomly selected third-grade students in New Jersey. The sample average score on the test is 58 points, and the sample standard deviation, sY, is 8 points.
Talk to the women in your family and/or at work and ask them about their views on the benefits of educating girls and women today.
As you know, the Affordable Care Act expands coverage for low-income US citizens by giving them access to Medicaid. As you also know, not every state has taken advantage of this Medicaid expansion. What economic argument can you make for expanding Me..
What happens to total expenditure of the tour agency if the price falls from $350 to $250 per night per room? Calculate the demand elasticity of the hotel room. Is the demand for hotel room elastic, inelastic, or unit elastic?
It is the end of the Great Recession and 10.0% of the labor force is unemployed. 1.0% of of unemployed workers employed workers lose their jobs each month.
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