User Account

All Pages

Relative wages of the two groups

Assignment Help Business Economics
Reference no: EM132396899

1) Suppose the federal poverty line is defined to be $20,000 for a family of 3. If living costs are highest in California compared to every other state, what are official statistics likely to report for the poverty rate in California? Why?

2) Suppose a study was released concluding that people in group B are better and more efficient workers than people in group A, and that the study's findings were widely accepted.

a. What would we expect to happen to the relative wages of the two groups?

b. Suppose you were an entrepreneur who knew that the study was wrong. What could you do to enhance your profits?

c. Suppose other entrepreneurs acted in the same way. How would the wages of people in group B be affected?

Reference no: EM132396899

Questions Cloud

Explain the behavioristic techniques in brief : Scripture tells us that God knows our heart. Do you feel that we can we utilize Behavioristic techniques (e.g. Behavior Contracts, Token Economies, etc.).
International trade economics 4800 : Practice Problem - Heckscher-Ohlin Model I) Based on the following information and assumptions answer the questions below:
How data gathered from the assessments would be utilized : How data gathered from these assessments would be utilized in the lesson planning process. Using your Topic 2 assignment, describe one formative.
Effect on the economic environment : Identify 5 political, social or environments factors that have an effect on the economic environment currently and explain how they affect the real estate
Relative wages of the two groups : a. What would we expect to happen to the relative wages of the two groups?
What is meant by diverse perspectives : What is meant by diverse perspectives? How and why is it important to show compassion, justice, and concern for the common good when considering individual.
What would be the price and quantity facing the monopolist : Assume a large European monopoly firm is exporting product X to U.S. market and U.S. does not produce X. When trade pens up:
How you would ethically share data with families : Teachers are constantly collecting data. Sharing this data with families can be done in a variety of ways. Research and share at least two strategies.
How would someone who is risk neutral feel about : That is, costs are expected costs and benefits are expected benefits. Expected costs = 1,000 and expected benefits = 900.

Reviews

Write a Review

Business Economics Questions & Answers

  Does import-export establish a relationship

What are long term and short term benefits for international trade? Who profits mostly from imports/exports? What are the aspects of free trade?

  Draw the edgeworth box for ken and daniel

Ken and Daniel always eat miso soup and sushi in exact proportions – one miso per twosushi. They throw away any extra soup or sushi as it would not give them any pleasure. Draw the Edgeworth box for Ken and Daniel. Please put Ken at the origin and Da..

  Using the expenditure approach-gross domestic product equals

Using the expenditure approach, gross domestic product equals:

  Health administration promulgates safety-health standards

The Occupational Safety and Health Administration promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. An alternative to these standards ..

  Significance and meaning of quantitative easing

Discussion. Discuss the significance and meaning of quantitative easing in the context of the liquidity preference model (increase in the quantity of money supplied). Provide specific examples to support your response.

  According to the theory of supply-sellers will place

According to the theory of supply, sellers will place:

  The benefits and losses to consumers

What do you think have been the benefits and losses to consumers in the USA? Why? How do you think the international relations between the USA and China have been affected? Why?

  Fresh water supply system

A developer of a housing complex on an off-shore island is considering building a pipeline connecting to the fresh water supply system of the government in replacing the existing desalination plant. Assuming the daily use of water is 240 m3 calculate..

  The encomienda system was

The Encomienda system was?

  What are the potential costs and risks to apple

What are the benefits to Apple of outsourcing the assembly of the iPhone to foreign countries, and particularly China? What are the potential costs and risks to Apple? In addition to Apple, who else benefits from Apple's decision to outsource assembl..

  Human resource functions-organizational development

Create a 525-word minimum paper that explains how human resource functions relate to organizational development.

  Consumers income increases and the good is inferior

Please explain to me which shifter variable is affected, which curve shifts, and determine the effect upon equilibrium price and quantity sold

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd