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1. Using a diagram of the labor market, show the effect of an increase in the minimum wage on the wage paid to workers, the number of workers supplied, the number of workers demanded, and the amount of unemployment.
2. Do you think that firms in small towns or cities have more market power in hiring? Do you think that firms generally have more market power in hiring today than 50 years ago, or less? How do you think this change over time has affected the role of unions in the economy? Explain.
Illustrate what affect might our concern for the baby boomers reaching retirement age, and the smallest number.
someone drives through green hills you see large luxuriant homes spread across very large and beautiful pieces of real estate. Why are nice homes usually built on expensive lots rather than cheap ones
they receive $200 in income, and they spend a total of $200. Rich families spend only 75 percent of their incomes; they receive $400, but they spend only $300. So the total consumption spending would be increased by redistribution of income.
The US as well as Canada have intervened in the market and tried to internalize some of the costs of pollution by placing regulations on the amount of pollutants that industries can emit.
Elucidate how will this change affect international business. What other industries might be affected by similar technological advancements.
After her final exam this semester, Sylvia must drive from her school in Philadelphia to her home in upstate New York-What are Sylvia's expected .ne, expected wealth, and expected utility if she travels through PA?
Determine wHich of the following is example of an adverse selection problem and which is a moral hazard incentive problem?
What is the unemployment rate? What will the unemployment rate be if the unemployed increases to 7 million and 3 million individuals become discouraged workers?
GRAND RAPIDS, Mich. - Kellogg Company on Monday said its earning growth 17.3% in the 2nd quarter on strong firm wide sales growth, beating Wall's Street's expectations.
We have assumed that consumption depends only on disposable income. Now suppose that consumptions depend on both disposable income and interest rate. As interest rate increase, consumption decrease. a. If consumption suddenly begins to depend on in..
Discuss the role of social diversity and business ethics as it relates to globalization? Consider how different cultures around world perform such business activities.
During 2003, Company A and Z made the following identical purchases in the order shown, Each firm sold 400 units but A fimr uses LIFO inventory costing and Z Company uses FIFO inventory costing.
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