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Question: 1. How would an increase in the minimum wage rate affect the demand for union workers? Should union workers favor or oppose minimum wage laws? Explain.
2. How serious is unemployment today? Answer the four questions posed in this chapter. (Hint: you will find the numbers you need in the periodicals, Economic Indicators or Monthly Labor Review, or in the annual Economic Report of the President.)
Category Amount:: Durable Goods $1,000, Non-Durable Goods 2,500, Services 7,000,Fixed Investment 1,800, Changes to Business Inventory 35, Investment in Stocks & Bonds 5,500, Federal Government Purchases 1,200. Using the above table determine the amou..
Let x be eggs and y be bagels. An individual utility function is given by U(x, y) = ½ x + 1 y. This individual budget constraint is 4 = 2 x + 1 y. (You are encourage to draw this individual indifference map and budget line). At the point at which thi..
Your company is interested in analyzing the behavior of interest rates and the models used to predict interest rates in the future. As an initial project in this area, you have been assigned the task of creating a presentation that will show the top ..
Create a structure named Apartment that contains data fields to hold the number of bedrooms, the number of baths, and the monthly rent for the apartment. Write a program that creates an apartment object and prompts the user for a number of bedroom..
Conduct background research on 3 companies and complete the table with following heads:
In 2001, the economy of the United Kingdom exported goods worth £192 billion and services worth another £77 billion. It imported goods worth £225 billion and services worth £66 billion. Calculate the U.K. merchandise trade deficit for 2001. Calculate..
In the Keynesian-cross model, an increase in the real interest rate shifts the expenditure line _____ and short-run equilibrium output _____.
Betty can make either “12 bottles of wine and 0 boxes of chocolates” or “0 bottles of wine and 96 boxes of chocolates” or a combination of wine and chocolates. Find the equilibrium price (P), quantity (Q), and revenue in a market characterized by the..
Please explain what the difference is between the MPC and MPS. How are they connected through the following perspectives? Planned aggregate expenditures And How a change in independent consumption will in essence affect Savings.
Dr. Frankenstein graduated from PSU in 2009 and entered the labor market seeking for a position. At the beginning of 2010 he found his first job in North Pole. But due to lack of skills required, he lost his job at the beginning of 2011. What are the..
Delphin has developed a new video game that can be produced with two technologies having the costs Cα = 10 + 8Q and Cβ = 60 + 2Q . The alpha (α) technology is well known, while the beta (β) technology is known only to Delphin. Demand is estimated as ..
explain how many car companies will buy a new car assembly machine. Interest payments are made once a year.
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