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Draw two markets, one for skilled workers and one for unskilled workers. If the number of unskilled is rising due to immigrotion (both legal and illegal) and this demand for skilled workers is rising, what occurs in the two markets?
Assume the market for fertilizer is perfectly competitive and is in equilibrium. Draw a graph for the Supply and Demand for fertilizer as well as a graph for the individual firm. A change in the weather causes an increase in demand for fertilizer. Dr..
Which of the following is not a valid point in debating the merits of increasing government expenditures or cutting taxes during a recession?
Compute the numerical elasticity of long-run demand. Is it unitary, elastic, inelastic, etc. Explain why would consumers demand 0 minutes in the long run if the price was $.30 per minute.
What is the nomination and confirmation process for a Supreme Court justice? Make sure to discuss the individuals and levels of government involved, as appropriate. What factors can prevent a nominee from being confirmed? Here, you should reference s..
In the long-run, fiscal policy impacts the supply side of the economy. Why do we ignore these effects in the short-run?
Most analysts feel that the financial difficulties in East Asia were triggered by
An increase in supply produced, all other things remaining the same: A. Shifts demand and lowers the equilibrium price B. Increases supply and lowers the equilibrium price C. Lowers the equilibrium price only D. The effects on demand and supply are i..
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
What is an absolute and comparative advantage? Give an example where you have an absolute, but not a comparative advantage with someone else.
illustrate what additional effect follow this initial affect. what is the total affect of the tax cut on aggregate demand.
To what extent are today’s trade debates such as the Trans-Pacific Partnership similar to or different from the mercantilists’ focus on maximizing exports and limiting imports?
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $150,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value..
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