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Why do you think organized labor groups, such as unions, are supporters of a higher minimum wage, even though all of their members earn much more than the minimum wage?
Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs.
1. For each of the following, write out the null and alternative hypotheses, and indicate whether it is a one-tail or two-tail hypothesis test
Oak entertainment is the only movie theater in a small town. The firm can screen movies at a constant average and marginal cost of AC = MC = 10. The firm faces a demand curve given by: Q = 85-0.5P. Calculate the firms profit maximizing price and outp..
Is a strong dollar always good? Is a weak dollar always bad? Who are the winners and losers of an appreciating or depreciating dollar? What are foreign exchange rates all about, and how do they work? What is the Law of the Comparative Advantage? How ..
q.suppose there are two types of workers high ability and low ability. the training program costs 15000 per year for
A company buys a machine for $30,000. The yearly benefits are$1,500 for 20 years. Interest rates are 6%. Find the total present worth of the machine
Using demand and supply curves, illustrate and explain how the following would affect the equilibrium price and quantity of wood tables.
What is the proba- bility that in a sample of 20 window frames: a. None will need adjustment? b. At least one will need adjustment?
Use the AD-AS graph to explain the short run and long run effects on real GDP and price level of a negative demand shock, such as a decrease in autonomous consumption. how the economy reacts to the shock and what happens in the long run to GDP and Pr..
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:
Consider the horizontal quality model on the unit interval from 0 to 1. There areNconsumers located uniformly along the interval. There are two firms, with zero marginal costs, initially located at 0 to 1. Solve for the equilibrium price if both firm..
When Hernán Cortés was leading his men in conquest of the Aztecs in Mexico, he famously burned his boats on the beach before setting off inland.
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