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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?
What are long term and short term benefits for international trade? Who profits mostly from imports/exports? What are the aspects of free trade?
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:
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 ..
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:
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?
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?
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..
Create a 525-word minimum paper that explains how human resource functions relate to organizational development.
Please explain to me which shifter variable is affected, which curve shifts, and determine the effect upon equilibrium price and quantity sold
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