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Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?
(a) An increase in immigration.
(b) An increase in the output price.
(c) A decrease in productivity.
(d) An increase in native labor supply.
(e) A decrease in labor demand.
Assume that an economy experiences both positive population growth and technological progress. A reduction in the saving rate will cause:
The United States Department of Agriculture (USDA) is responsible for managing and administering the national food stamp program. This program provides vouchers to low income families that can be used in place of cash to produce food at grocery store..
The Good’n’Fresh Grocery Store has 2 checkout lanes and 4 employees. Employees are equally skilled, and all are able to either operate a register (checkers) or bag groceries (baggers). The store owner assigns one checker and one bagger to each lane. ..
q. if the price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm
The World View article "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" provides evidence that
A company owns a 8-year old gear hobber that has a book value of $62,000. The present market value of the hobber is $86,000. A new gear hobber can be purchased for $465,000. Using an outsider’s point of view, what is the net first cost of purchasing ..
What is the fertility transition and when did it take place in the United States? What explanations have been proposed to account for the fertility transition? Critically evaluate each of these explanations in accounting for the fertility transition ..
What would be the equilibrium price? What is the equilibrium quantity?
Discuss what will happen in this market as it moves to a new equilibrium. If a hard breeze eliminates Brazil's premium coffee corp, what will happen to the price of premium coffee.
One of the elements of risk is uncertainty. Which one of the following best describes the type of uncertainty that risk involves? Risk can be classified as pure or speculative. Which one of the following is the best example of a speculative risk? Whi..
Suppose two countries, A and B, with the same production function Y = K? L1?? . The value of ? is 0.30, the growth rate of population is 2% and the depreciation rate is 5%. Show that with price-taking firms the share of labor must be 1?.
Smoothing techniques are a form of ___________ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
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